Archive for June, 2023

Ulaanbaatar, Mongolia’s capital city, played host to the 20th World Export Development Forum (WEDF) on June 27, 2023, where Mongolian President Ukhnaagiin Khurelsukh addressed a global audience. The International Trade… read more →

In preparation for the upcoming International Maritime Organization (IMO) meeting, a Paris summit convened by the French presidency has garnered support from over 20 countries and regional organisations for a… read more →

In the midst of a significant dollar surge, as interest rate differentials continue to favor the American currency, the Japanese yen has fallen to its lowest levels since November 2022.… read more →

Ulaanbaatar, Mongolia – June 22, 2023 Trade Finance Global (TFG) conducted an extensive media training held today at the United Nations House in Ulaanbaatar, Mongolia. This key event served as… read more →

Many moons ago, one of my boss’s mantras was ‘time is more precious than meat’. This was repeated every morning during our daily sales meetings. Those days, I sold ‘air time’ in the media industry.

(Geneva/Ulaanbaatar) – The International Trade Centre (ITC) today released a multimedia report on transforming economies with connected services, with a spotlight on landlocked countries. The report spotlights four types of services, known… read more →

A £26.3 million equivalent loan backed by the UK Government has allowed the Ukrainian government to start rebuilding six bridges and reopen vital supply routes near Kyiv. The loan has… read more →

Like every aspect of the financial services industry, the correspondent banking world has changed a great deal over recent years due to technology, regulatory regimes, and risk management.

The UK’s first E-Commerce Trade Commission was launched on 13th June, to encourage 70,000 more small British businesses to trade and export online and help boost the economy by £9.3bn The… read more →

Central Asia is becoming increasingly attractive to investors. It has abundant natural resources and is strategically located, leading to its reputation as a region with untapped economic potential.

Following the EBRD 2023 Annual Meeting and Business Forum in Samarkand, Uzbekistan, TFG’s Brian Canup (BC) spoke with Nino Masurashvili (NM), Deputy CEO, Chief Risk Officer, TBC Bank Georgia, who was recognised with the EBRD Sustainability Silver Award. Read this two-part interview to learn more about TBC Bank Georgia, why they were awarded the EBRD Sustainability Silver Award, and their plan for continuing to support Georgian sustainability.

In the shadows of the interconnected world of international trade lies a pervasive threat that silently endangers the security of global markets. Financial crimes, with their detrimental effects on stability and integrity, cast a dark cloud over the world economy, threatening the trust upon which international trade relies. From money laundering to terrorist financing, illicit activities can have far-reaching consequences.

A new report by Lloyds Bank shows that UK businesses have an opportunity to flourish through exporting.

Trade Finance Global (TFG) is pleased to announce its partnership with the International Trade Centre’s (ITC) annual flagship event, the World Export Development Forum (WEDF), taking place on June 26-29, 2023 in Ulaanbaatar, Mongolia.

In trade finance compliance, getting the details right matters. Regulators around the world, the financial institutions involved and, of course, bank clients, have a keen interest in ensuring that trade transactions do what they are designed to do: ensure timely payment and prevent fraud, all in line with constantly changing international regulations. As that suggests, there is always the potential for a mistake to cost the bank a great deal of money and put a major dent in its reputation. That threat, in turn, can put a lot of pressure on staff.