Question
Which bank has signed a partial guarantee facility
agreement (PGFA) with ADB to support supply chain financing?Solution
• Axis Bank has collaborated with Asian Development Bank for a partial guarantee programme with initial outlay of USD 150 million (Rs 1,139.85 crore), aimed at supporting supply chain financing for impact sectors. • Axis Bank has signed a partial guarantee facility agreement (PGFA) with ADB to support supply chain financing for impact sectors, under which ADB will provide guarantees (variable) to the lending done by Axis Bank. • Axis Bank focused this programme on ESG (environmental, social and governance) and other priority sectors, re-affirming both institutions' commitments to positive developmental and environmental impact in the country.
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