ADB and Bank of Georgia join forces to promote supply chain finance
The Asian Development Bank (ADB) and the Bank of Georgia (BOG) have signed a risk-sharing agreement to promote supply chain finance in Georgia.
Through the agreement, the first of its kind for ADB, the BOG and ADB's Trade and Supply Chain Finance Program (TSCFP) will share corporate risk for supply chain transactions on a 50-50 basis. The agreement is the culmination of 2 years of technical assistance provided by TSCFP to BOG.
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Posted on Dec 5, 2022 Region: Georgia
supply chain finance SCF, Bank of Georgia, ADB, supply chain finance, invoice finance, risk sharing agreement, Zurab Masurashvili, Steven Beck
