ADB and Citi have partnered to sign a master risk participation agreement (MRPA) to enhance access to supply chain financing for small and medium-sized enterprises (SMEs).
International
The Asian Development Bank (ADB) and Citi have partnered to sign a master risk participation agreement (MRPA) to enhance access to supply chain financing for small and medium-sized enterprises (SMEs) and support more than $100 million in additional annual trade across Asia and the Pacific. The agreement was signed between ADB’s Trade and Supply Chain Finance Program (TSCFP) and Citibank North America. This partnership harnesses Citi’s expansive network and origination capabilities alongside ADB’s extensive presence in the Asia Pacific region’s developing countries, amplifying the developmental impact of trade and supply chain finance.
ADB and Citi have been collaborating on trade finance since 2009, facilitating $6.2 billion worth of trade.
CEO- Jane Fraser
HQ- New York, United States
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