ADB: Working with South American banks to boost South-South trade

Region:

Americas, Asia-Pacific

Steven Beck

Head of Trade Finance at Asian Development Bank (ADB)

Share:

We're thrilled to welcome Banco Patagonia Argentina into ADB's Trade Finance Program (TFP). As a participating bank, TFP will provide guarantees to Banco Patagonia covering payment risk from Asian banks backing trade (import and export) transactions. In other words, we'll work with the Argentine bank - and the handful of other South American banks already signed up - to support south-south trade between Asia and Latin America.