After Covid-19 crippled global commerce, the World Trade Organization said March 31 that it expected the planet’s merchandise trade to increase 8% in 2021 after contracting 5.3% in 2020.
Banks can play a frontline role in closing the sustainable trade finance gap and supporting a green recovery post-COVID-19 by embedding ESG checks, fostering collaboration and inclusion, and mainstreaming digital solutions.
Factoring, as an important method to extend credit, is a type of financial transaction where the creditor assigns its receivables to an assignee at a discount. In recent years, there has been a large growth of factoring transactions around the world.
The pandemic has undoubtedly had countless negative implications for the global community. However, amidst all the turmoil there have been some silver linings.
MSMEs around the globe struggle to obtain financing. Why do these MSME financing constraints exist and is a digital future providing new hope for all those firms that are struggling to stay afloat?
WTO, TFG and ICC have today launched their latest publication ‘Accelerating trade digitalization to support MSME financing’
The trade consequences of Brexit already include a dramatic shrinking of commerce with the EU, an expansion of trade with other allies, and redrawing of supply chains for companies.
Suez disruption – ‘The straw that breaks the camel’s back’
We spoke to BACB’s new Money Laundering Reporting Officer on the new risks when combating fraud, and the role new technologies can play in fighting financial crime.
We take a dive into the world of Letters of Credit (LCs) and Standby Letters of Credit – some of the essential tools in cross-border trade transactions.
