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Sunset at U-Bein bridge, Myanmar.The Asian Development Bank (ADB) has issued its first guarantee through its Trade Finance Programme (TFP) to a foreign bank in respect to Myanmar trading activities. The guarantee has been issued in favour of the Italian bank Banca Popolare di Sondrio and covers the payment obligations of Myanmar’s United Amara Bank (UAB) who is providing credit facilities on behalf of a Myanmar customer. Read more…

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