The Asian Development Bank’s Trade and Supply Chain Finance Program (TSCFP) and the Bank of Georgia (BOG) have signed an agreement that envisages both the entities sharing corporate risk for supply chain transactions in the ratio of 1:1. This move would be catalytic in promoting supply chain finance in Georgia and nearby regions and help local SMEs explore new markets. TSCFP Head Steven Beck said that by disseminating supply chain finance with its partner banks, TSCFP helps SMEs across Asia to spur economic growth in the region while participating in global supply chains and contributing to employment generation.
