The Foreign Trade Bank of Cambodia (FTB) and the Asian Development Bank (ADB) have signed a memorandum of understanding to participate in the ADB Trade and Supply Chain Finance Program (TSCFP). The agreement aims to fill market gaps by providing finance through partnering banks to support trade and MSMEs, which represent about 99 percent of Cambodian businesses. FTB will provide support to corporate and MSME clients by allowing trade finance instruments issued by FTB to be covered by TSCFP's credit guarantees. The collaboration will expand support for regional and international trade and commerce, with ADB being one of the country's largest sources of official development assistance. (ICE BANGKOK)

Fonte notizia: Khmer Times