The International Trade Centre (ITC), the UN agency for small businesses, has just released their NDC 3.0 guidelines. Announced yesterday at COP29 in Baku, Azerbaijan, the guidelines provide a way for countries to practically support small and medium-sized enterprises (SMEs) in achieving national climate goals.
Vietnam has established itself as a major trade player in Southeast Asia. In 2022, the country’s trade-to-GDP ratio reached an impressive 185%, according to the World Bank collection of development… read more →
The Joint Declaration on Baku Climate Coalition for SMEs Green Transition should help small businesses fully engage in the shift to sustainable business models ahead of COP30 in Brazil next… read more →
Read the Bahasa Indonesia version here With 64 million MSMEs, spanning from agriculture to essential services, these businesses constitute 60.5% of Indonesian GDP and employ 97.0% of the workforce. However, their… read more →
Listen to this podcast on Spotify, Apple Podcasts, Podbean, Podtail, ListenNotes, TuneIn Inefficiencies inherent in paper-based trade documentation have long posed obstacles to businesses. However, the enactment of the ETDA in September 2023, designed to address… read more →
The collaboration aims to marry supply chain financing with PBX’s digital ecosystem. PBX, a business-to-business digital transaction management platform, serves some of the largest buyers in the fast-moving consumer goods… read more →
Risk distribution is another vital strategy in closing the trade finance gap and the OTD model has gained traction in recent years, offering a solution that enables banks to shift… read more →
Technical Committee 68 of the International Organisation for Standardisation (ISO) for financial services standardisation created a common standard, ISO 20022, around two decades ago. This development was transformational. It was… read more →
The facility will be used to extend credit to businesses across African markets, with a particular focus on small- and medium-sized enterprises (SMEs) involved in regional and international trade, according… read more →
The COVID-19 Pandemic threw a spanner in the workings of the entire global economy. But the African continent, where the financial market ecosystem was fledging, was hit adversely hard. In… read more →
