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The European Bank for Reconstruction and Development (EBRD) has appointed Nana Khurodze as associate director and senior banker in its Trade Facilitation Programme (TFP). Before joining the EBRD, Khurodze spent just over six years at the Asian Development Bank, leading that institution’s trade finance programme in the Caucasus, Central Asia, Mongolia and Pakistan. Based in . ....
Asia Pacific banks helping detect financial crime related to illegal wildlife trade panda.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from panda.org Daily Mail and Mail on Sunday newspapers.
Daily Times July 31, 2021 The Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program (TSCFP) has signed an agreement with Dubai Islamic Bank Pakistan Limited (DIBPL) to support trade in Pakistan. ADB will provide guarantees to help DIBPL expand its trade finance business in Pakistan, said a press statement of the bank received here. TSCFP has been operating in the country since 2008 and the addition of DIBPL increases TSCFP’s Pakistan partner banks to 13 and makes Pakistan one of the program’s most promising markets, it added. To date, the program has supported more than $17.3 billion in trade in Pakistan through 5,891 transactions. This support has predominantly been provided for steel, polypropylene, fertilisers, and machinery for garments and weaving. In 2020, TSCFP supported 650 transactions in Pakistan valued at $1.2 billion, with 51pc co-financed with commercial banks. ....