WOA took the initiative to survey members, partners and industry leaders in June 2020 about how the virus has affected performance of factoring and commercial finance firms globally.
Category: Coronavirus
PODCAST: WEF – The Fourth Industrial Revolution: Inclusive digital trade is the future (S1 E44)
TFG heard from World Economic Forum’s Ziyang Fan on bringing policymakers, innovators and technologists together to work hand in hand to solve some of the global challenges.
UKEF publishes its 2019-2020 results and new Business Plan for 2020-2024
The Business Plan outlined new objectives that will allow UKEF to adapt its support for SMEs, help businesses across all the regions of the UK, access UKEF products, and focus its activity on sectors and countries.
Republic of Benin COVID-19 Laboratories Commence Operations after Grant from the AATB Program
[box] The grant, which falls under the umbrella of the Arab-Africa Trade Bridges Program’s response to the COVID-19 crisis, provides immediate emergency funding to fight against novel coronavirus. [/box] (Jeddah, KSA, 25 June 2020) – The Arab Africa Trade Bridges (AATB) Program, led by the International Islamic Trade Finance Corporation (ITFC) has granted emergency funding to the… Continue reading Republic of Benin COVID-19 Laboratories Commence Operations after Grant from the AATB Program
Organisations face increasing operational challenges due to domino effect of Covid-19
Irrespective of size, sector or country the economic and social impact of the pandemic has expanded, and challenges are growing for business and the accountancy profession, reveals ACCA’s Covid-19 global survey ‘The Road to Recovery’. Following March 2020’s original report, three months on the picture now crystalises many key issues that need to be addressed by policymakers… Continue reading Organisations face increasing operational challenges due to domino effect of Covid-19
Government support secures major contract for UK construction in Benin
The Government’s export credit agency, UK Export Finance, provides over £100 million in direct lending for project to redevelop a 114-mile road in Benin Sogea-Satom UK will source goods and services from the UK supply chain and boost UK exports to the region The upgraded road will facilitate trade between West African countries Exports… Continue reading Government support secures major contract for UK construction in Benin
Coface Insights: Business insolvencies in Europe – amendments to legal procedures temporarily postpone due dates
[box] The economic consequences of the COVID-19 pandemic are of an unprecedented scale in Europe. The twin supply-demand shock has resulted in the halting of production (at least partially) in many companies as employees cannot go to work and in a fall in consumption because of mobility restrictions. The decline in revenues has deteriorated companies’… Continue reading Coface Insights: Business insolvencies in Europe – amendments to legal procedures temporarily postpone due dates
ICC SOS – Save Lives. Save Livelihoods. Save Our SMEs (S1 E43)
TFG heard from ICC’s Secretary General John Denton and talked about actions needed from governments, private sector leaders and international institutions to ensure the continued viability of our MSMEs.
OBOR – Why macroeconomic policies are needed to drive China – EU supply chains
The magnitude and complexity of the OBOR project creates numerous policy challenges for countries in the region seeking to benefit from its implementation thus, the need for policy cooperation.
PODCAST: $5 trillion and counting – the MSME Finance Gap
TFG caught up with IFC’s SME Finance Forum CEO, Matt Gamser on MSME’s importance in real-world economic growth, job creation, and innovation.
Bank and Fintech Collaboration – Lifeline for Economic Revival Post-Covid19
Banks, fintechs, and other vendors have a pivotal role to play in this situation to support communities and try to help the economy moving in the short and long term.
Triggering Force Majeure – The Impact on Documentary Trade Finance and Credit
How are the rights and obligations of the parties to a credit affected on account of missed deadlines caused by these force majeure events?
Has trade finance pulled the plug on correspondent banking?
Correspondent Banking should in the future reinvent itself to accompany to be an ideal companion to technical assistance and be a key milestone potential ahead for the Africa market.
Finastra Exclusive: Innovating to close the trade finance gap
TFG heard from Iain MacLennan, VP Trade & Supply Chain Finance, Finastra on how blockchain and DLT can close in the trade finance gap experienced by SMEs.
COVID-19 and its discontents: An insight into Intra-Tripartite Trade
The pandemic can be an opportunity for TFTA Member States to weaponise cooperation not only for fighting against COVID-19, but also to achieve deeper integration which in the long run will boost intra-Tripartite trade.