More than 50 representatives from 21 Kyrgyz financial institutions gathered in Bishkek at a training event hosted by the Asian Development Bank (ADB) on April 4, 2019. The event, part of ADB’s Trade Finance Program (TFP), covered recent developments in international trade finance and featured sessions led by several international trade finance experts, including Andreas Raithelhuber of Business & Finance Consulting (BFC).
Mr. Raithelhuber has been working as a part of ADB’s ‘Due Diligence for Trade Finance Capacity Development’ project since its inception in 2009 and has previously conducted various seminars for a number of banking executives throughout Asia. At the Bishkek event, Mr. Raithelhuber led sessions on how trade finance can be used to:
- Help exporters, importers and financial institutions better manage credit risks
- Boost the capital adequacy and capacity of financial institutions to process larger trade volumes
- Unlock ADB support to further promote trade finance
ADB’s TFP provides guarantees and loans to over 200 partner banks as a way of promoting trade and enabling more Asian companies to engage in import/export activities. Since 2009, TFP has helped support more than 15,000 small- and medium-sized enterprises (SMEs) across Asia in conducting 21,000 transactions valued at over USD 36 billion.