ADB Trade & Supply Chain Finance Program

SAVE THE DATE*: TSCFP Partners' Dinner and Awards 2024 takes place on 3 September in Singapore. TSCFP will be celebrating its 10th annual dinner in Singapore, where it will recognize the important work of its partner banks through a series of awards. Details on nominations will be released soon. More information on this TSCFP flagship event available here: https://lnkd.in/geJSR2Sd *By invitation only. #TSCFPAwards2024

Multilateral Development Banks (MDBs) have been important partners in shaping economic landscapes and uplifting communities. In a recent podcast, Steven Beck, Head of ADB’s Trade and Supply Chain Finance Program, provides an overview of MDBs' evolution and their impact. A must-listen for anyone interested in the important links between financing, trade, and international development. 🌏💼🎧 Listen here: https://lnkd.in/grTukaP6 #Trade #SupplyChain #InternationalDevelopment #MDBs

▶️ PODCAST | Steven Beck on the development and role of MDBs in global trade According to a joint Multilateral Development Bank (MDB) report, in 2022, global MDBs provided $60.9 billion of climate financing to low and middle-income countries, and $38.8 billion for high-income economies, totalling nearly $100 billion. This is just one example of the impact that MDBs have on the global economy. But how did they get to this point, and how else can MDBs impact international trade? At the 56th Annual FCI Meeting in Seoul, Deepesh Patel, Editorial Director at Trade Finance Global, was joined on Trade Finance Talks by Steven Beck, Head of Trade and Supply Chain Finance, Asian Development Bank (ADB) to discuss the role of MDBs in the facilitation of trade and supply chain finance. 🎧 Listen to the full podcast by following the link in the comments section below ⬇️ #tradefinance #supplychainfinance #internationaltrade #podcast

Driving Trade Digitalization   Digitalizing trade is at the core of ADB TSCFP's mandate. ADB partnered with ICC Bangladesh, DSI, the U.S. Department of State, and International Islamic Trade Finance Corporation (ITFC) to support a four-day event in Dhaka on this relevant topic. The event, attended by more than 200 people, underscored the transformative potential of paperless trade for Bangladesh and the international trade ecosystem.   Edimon Ginting, Country Director at ADB Bangladesh Resident Mission emphasized how trade digitalization can increase growth and create jobs by expanding access to global trade networks for developing economies. Aligning domestically with UNCITRAL's Model Law on Electronic Transferable Records (MLETR) is crucial to establishing a globally harmonized digital trade ecosystem.   Bangladesh is on the right path to promoting a digital ecosystem, and the local adoption of MLETR could help build the necessary framework for the effective use of electronic trade documents, such as electronic bills of lading (eBLs). This initiative can help accelerate transactions, enhance traceability, reduce costs, and mitigate fraud risks, paving the way for a harmonized digital trade environment that supports sustainable economic growth. #MLETR #DigitalizingTrade #Trade Steven Beck Neha Noronha Carmen María Ramírez Ortiz Ataur Rahman ICC Secretary General Pamela Mar Tianmi Stilphen

ADB’s Trade and Supply Chain Finance Program (TSCFP) and Pakistan join Greater Mekong Subregion (GMS) Conference to discuss Results of Their Trade-Based Money Laundering Pilot ADB’s TSCFP and Pakistan’s Financial Monitoring Unit, Govt. of Pakistan (Financial Intelligence Unit of Pakistan) explained their joint (with Bangladesh, Mongolia, Nepal, and Sri Lanka) Trade-Based Money Laundering (TBML) pilot and the pilot’s results to officials of the Greater Mekong Region. TBML is a seriously under-reported issue and the conference was a great opportunity to socialize the ADB’s TBML pilot in the lead up to proposing its expansion to other countries and possibly globally. For more information, visit this link: https://lnkd.in/dq9xhUqZ. Assad Farman Ali Roberto Leva Catherine Daza-Estrada, MBA, CAMS

ADB Trade and Supply Chain Finance Program partners with Golomt Bank in Mongolia ADB TSCFP and Golomt Bank will play a central role in extending trade financing to Mongolian corporates and SMEs, helping to create sustainable jobs and support economic growth in Mongolia.

International trade is widely recognized as an engine for economic growth, and an important driver of prosperity and development. However, it is also linked to emissions and inequity. Here's what multilateral development banks can do to help make it sustainable: https://ow.ly/3v9M50SvbIT

Trade and Supply Chain Finance in Development: MDB and WTO Discussion ADB’s Trade and Supply Chain Finance Program, IFC - International Finance Corporation, EBRD, and World Trade Organization discuss the importance and challenges of trade and supply chain finance in development during WTO’s Aid for Trade Forum. Watch their conversation that took place on 26 June for details: https://lnkd.in/g-vAHAU4

Sustainable trade finance can play a key role in the transition to a low-carbon future by providing opportunities for countries to address climate change challenges, promote sustainable development, and reduce poverty. Read our article with IFC - International Finance Corporation to learn how multilateral development banks can support sustainable trade and supply chains: https://lnkd.in/gvuxV547

Trade Finance workshops for women entrepreneurs in Georgia   ADB’s Trade and Supply Chain Finance Program (TSCFP) and International Chamber of Commerce in Georgia (ICC Georgia) organized two workshops in Tbilisi and Batumi on 26 and 28 June to support women entrepreneurs in Georgia in developing trade finance expertise. The practical workshops that brought together about 150 women entrepreneurs were based on case studies and real-life examples with the aim to provide tools and knowledge necessary to navigate and succeed in the global trade arena. The workshops, held since 2022, are part of the TSCFP gender and inclusion strategy and responds to the increased challenges that women entrepreneurs face to enter international markets, to access liquidity and having an increased risk profile for undertaking international trade business.