The facility aims to improve trade finance accessibility in the region. It’s the first agreement the IFC has signed with a Southeast Asian bank under its global trade liquidity programme.
The global trade finance gap is widening due to geopolitical disruptions, supply chain shifts and de-risking, among other factors. This is impacting SMEs in emerging markets, but there are opportunities to close it.
The partnership offers suppliers access to payments at an earlier stage of the traditional supply chain, enabling more efficient release of working capital.
In a recent discussion with CT, Moodey shared details around the bank’s partnership with the ADB and the scope of its trade finance ambitions across Asia’s emerging markets.