City Bank has become the first Bangladeshi bank to execute a cross-border Letter of Credit (LC) transaction under a Shariah-based financing arrangement executed using blockchain technology.

UK Export Finance has signed a cooperation agreement with its counterpart in the United Arab Emirates (UAE), Etihad Credit Insurance (ECI), that will strengthen trade cooperation and boost investment between… read more →

Jeddah- 02 November 2020 –The Arab Bank for Economic Development in Africa (BADEA) intensifies its partnership with the International Islamic Trade Finance Corporation (ITFC) to support African Countries to fight COVID-19… read more →

Freight forwarding, shipping and logistics are undergoing a digital makeover. Connecting the dots, enabling traceability and increasing transparency between parties is a win-win for all actors within global trade. So who’s doing what? As part of TFG & WTOs 2020 Blockchain for Trade study, 7 initiatives in this supply chain space have been mapped.

Now is the time for trade finance institutions to take the lead in efforts to strengthen SME resilience and leave them in a position to be able to bounce back in the aftermath of the pandemic.

(Rabat, April 28, 2020): As part of the crisis response actions to strengthen the capacities of member countries to withstand the socio-economic impact of the COVID-19 pandemic, the Islamic Development Bank… read more →

A toxic combination of macroeconomic dispute, a global pandemic which by now we are all too familiar with and dwindling storage capacity led to negative prices for crude oil for the first time in history, and the worst performance of West Texas Intermediate (WTI) on the New York Mercantile Exchange since its futures trading opening in 1983.

Initiatives focusing on pharmaceuticals and healthcare and other value-added sectors such as agriculture and textiles to take precedence  (Jeddah, KSA, 14 April 2020) – The International Islamic Trade Finance Corporation (ITFC),… read more →

AGTB: New kid on the block. TFG heard from Daniel Gould, Deputy CEO of Anglo-Gulf Trade Bank, and its new digital offering for trade finance in the UAE and MENA region. Building a trade bank from scratch without relying on legacy technologies has enabled AGTB to reimagine trade finance, building a competitive product for the corporate banking space.

In 2012, Asian Development Bank’s Trade Finance Program (TFP) commissioned a unique study, the first of its kind, to understand and quantify the unmet demand for trade finance, known as the global trade finance gap. Over the years, TFP has updated this study to quantify and inform policymakers and market participants about the main drivers for this persistent trade finance gap.