ADB invests USD 200 million through Supply Chain Finance Programme

Monday 11 May 2020 14:29 CET | News

The Asian Development Bank (ADB) has invested USD 200 million under its SCF Programme to support companies in the battle against the coronavirus.

The programme aims to stabilise the supply chain for products such as N95 marks, test kits, gloves, personal protective equipment (PPE) for healthcare providers, ventilators, hygiene items, and other critical goods. The ADB assistance is targeted at channelling funds to manufacturers, their suppliers, and the distributors of critical goods through post-shipment, post-acceptance finance, pre-shipment loans, and distributor financing. 

A USD 800 million increase in ADB’s Trade Finance Programme will also be mobilised and along with the increase in capital comes flexibility to support domestic and cross-border trade in times of emergency. 

More: Link

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Keywords: ADB, Asian Development Bank, SCF programme, supply chain of finance, coronavirus, cross-border trade, trade finance programme, post-shipment finance, post-acceptance finance, pre-shipment loans, distributor financing
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech