At the International Finance Corporation’s (IFC) Global Trade Partners Meeting, this room full of female international trade experts discussed the challenges that women entrepreneurs face in the global trade market and strategies for changing the status quo. 

Trade Finance Global spoke with Çağatay Baydar, Chairman at FCI and Irina Tyan, Principal Banker, TFP at the EBRD about factoring and SCF.

IFC, a member of the World Bank Group, launched a new initiative to aid financial service providers in delivering funds to small businesses in emerging markets, with a particular focus on those owned by women and those in the agriculture and climate sectors.

The AfDB-BCP partnership reflects a shared vision of promoting sustainable economic growth and development in Africa by empowering SMEs.

The European Bank for Reconstruction and Development (EBRD) is extending its support for Ukraine by establishing an unfunded portfolio risk-sharing facility with OTP Leasing.

The Asian Development Bank (ADB) and Citi have entered into a master risk participation agreement to boost access to supply chain financing for small and medium-sized enterprises (SMEs), aiming to support over $100 million in additional annual trade across Asia and the Pacific.

BII, the UK’s development finance institution and impact investor, has partnered with Citi to launch a $100 million risk-sharing facility. 

FCI has published their preliminary world factoring statistics for 2023, showing the industry experienced a rise of +3.3% in 2023.

Supply chains have become global and increasing complexities have made them brittle and dependent, rather than robust and resilient; Covid-19 is a prime example of this.

To better understand the principles of financial inclusion, equitable regulation, and sustainable growth in the factoring industry, Trade Finance Global’s (TFG) Deepesh Patel spoke with new FCI Secretary General, Neal Harm.