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Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    ADB Inks Risk Distribution Deal for Trade Initiative

    By Rolf Rosenkranz // 03 May 2010

    The Asian Development Bank signed a risk distribution agreement May 2 with the Netherlands Development Finance Co. as part of the bank’s USD1 billion Trade Finance Facilitation Program, which seeks to boost international trade through the provision of loans and guarantees.

    Since ADB will be able to share with FMO the risk it takes on its loans and guarantees, it will be able to offer more support through the TFFP, according to the bank. FMO, for its part, will be able to expand its trade finance portfolio in developing Asia.

    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Rolf Rosenkranz

      Rolf RosenkranzRolfRosenkranz

      Rolf Rosenkranz has worked as a Global Editor for Devex. Previously, Rolf was managing editor at Inside Health Policy, a subscription-based news service in Washington. He has reported from Africa for the Johannesburg-based Star and its publisher, Independent News & Media, as well as the Westdeutsche Allgemeine Zeitung, a German daily.

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