The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka a $400 million cross-currency swap facility to help fund essential imports. Three private banks,… read more →

TFG interviewed ITFA and ADB about the financing of dirty commodities and fossil fuels, and what a sustainable transition means for trade finance.

Your Monday morning coffee briefing from TFG, 27 February 2023

Allianz Trade, a provider of trade credit insurance, is set to acquire an additional 50% stake in Cosec, the Portuguese export credit agency (ECA), from Banco BPI, Portugal’s fourth largest… read more →

Asian Development Bank (ADB) President Masatsugu Asakawa and India Prime Minister Narendra Modi met today to discuss the country’s development priorities. Mr. Asakawa conveyed ADB’s intention to provide $20 billion–$25… read more →

A court ruling on 22 February heard that the Marco Polo Network has debts of more than €5.2 million (£4.6 million).

The European Bank for Reconstruction and Development (EBRD) and the Multilateral Investment Guarantee Agency (MIGA) have signed a landmark first co-financing agreement, under which MIGA will issue up to $200… read more →

The European Investment Bank (EIB) and the Eastern and Southern African Trade and Development Bank (TDB) will support a new targeted financing initiative, investment in businesses across Africa that were… read more →

Finastra, a global financial services provider, has partnered with Integro Technologies to offer Integro’s SmartLender Trade Limits solution alongside its own Trade Innovation solution. Integro Technologies is a subsidiary of… read more →

India and Singapore have linked their digital payments systems, UPI and PayNow, to enable instant and low-cost fund transfers in a major push to disrupt the cross-border transactions between the… read more →