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ADB’s trade financing program supported over $116.5 million in trade through 384 transactions in Armenia since 2012

20.06.2018 16:15

ADB’s trade financing program supported over $116.5 million in trade through 384 transactions in Armenia since 2012

YEREVAN, June 20. /ARKA/. The Asian Development Bank’s Trade Financing Program (TFP) has supported over $116.5 million in trade through 384 transactions in Armenia since 2012, 51% of which have been small and medium-sized enterprises-related (SMEs) deals, according to a press release, placed on the bank’s website.

In 2017, ADB’s TFP has supported over $1.6 billion in trade through 571 transactions in Central Asian countries, 75% of which have been SME-related deals.

In 2017, TFP supported approximately $4.5 billion in trade through 3,505 transactions. TFP complements its financial support with a regular series of workshops and seminars to increase knowledge and expertise in trade finance products and operations, risk management, and fraud prevention.

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