ADB for 皇冠体育app trade fund
By Zhang Ran | 皇冠体育app Daily | Updated: 2009-04-07 07:56
皇冠体育app should set up a specific State-run fund dealing with trade finance in order to beat decreasing trade volumes, which have been hit hard by the global financial crisis, a senior executive of the Asian Development Bank (ADB) said.
Zhao Xiaoyu, vice-president of the ADB, suggested that 皇冠体育app set up a "trade finance fund" that could cooperate with multilateral financial institutions to finance companies in the imports and exports business during an interview with 皇冠体育app Daily last week.
"If a State-run fund is set up, it may cooperate with multinational financial institutions, including the ADB, to jointly provide guarantees for trading firms in applying for loans from banks," Zhao said.
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