British International Investment (BII), the UK’s development finance institution and impact investor, together with the Asian Development Bank (ADB), a regional development bank for Asia and the Pacific, announced their collaboration to finance up to $100 million in green trade transactions across the region.
To date, 12 shipping companies, in addition to numerous corporates, have suspended activities in the Red Sea, instead choosing to reroute their journeys around the Cape of Good Hope in South Africa.
2024 is set to bring about significant changes in finance and banking. Driven by a convergence of cutting-edge technologies, the industry-wide transition to ISO 20022, the rise of digital currencies, and innovative AI-powered solutions, the year holds promise for considerable advancements and enhanced alignment between fintech and traditional financial institutions.
Global economic prospects remain tempered and are surrounded by uncertainty, as highlighted in the newest Chief Economists Outlook released today during the start of Davos.
Due to long mining periods and overblown expectations, industries in the midstream lithium supply chain shoulder the most pressure and are the most fragile in the supply chain.
BAFT, the leading global financial services association for international transaction banking, has published a new white paper titled “ISO 20022 Migration: Lessons Learned”.
In order to reach the goals intended, a feasible plan must be designed. For that to happen, common sense must once again come to the table. There are three points to consider about the road to net zero.
Despite expectations for a slight increase in the trade deficit, it narrowed to $63.2 billion, a decrease from the revised figure of $64.5 billion in October, according to the United States Commerce Department.
Standard Chartered, a leading international bank specialising in cross-border finance, has arranged €533 million of financing, with the support of the African Development Bank (AfDB), for the Ministry of Finance and Budget of the Republic of Côte d’Ivoire.
Over the past years, international trade has been challenged by various factors. According to the 2023 Digital and Sustainable Trade Facilitation Global Report, while global merchandise trade volumes in 2021 displayed a strong recovery from the contraction suffered in 2020 due to COVID-19, trade growth slowed down in 2022.
