Canadian investors are becoming more particular about how they deploy their capital, delivering returns with ESG factors being a key consideration.
Category: Countries
African trade finance and sustainability–a question of systemic liquidity and ESG standardisation
As global central banks hike rates to rein in inflation, and businesses battle with sourcing goods through choked supply chains exacerbated by the war in Ukraine and Chinese lockdowns, Africa finds itself with a growing problem–accessing US dollar liquidity.
State Bank of Pakistan introduces exchange controls as dollar soars
In a bid to curb declining forex outflows, the State Bank of Pakistan (SBP) introduces exchange controls and limited imports. What will this mean for trade and exports? The SBP has introduced capital controls on all USD transactions worth less than $100,000. This is one of several new measures designed to protect its forex reserves… Continue reading State Bank of Pakistan introduces exchange controls as dollar soars
End of an era: India to surpass China as most populated country in 2023, UN predicts
India is projected to surpass China as the most populous nation in 2023, according to the latest medium variant data from the United Nations Department of Economic and Social Affairs.
AfDB and Societe Generale partner on €50m trade finance facility to support African SMEs
The African Development Bank (AfDB) Group approved a €50 million unfunded risk-sharing facility with Societe Generale. The facility, intended to drive trade finance across Africa by supporting small and medium enterprises (SMEs), as well as the local banks that service them, comes as part of a collaboration between AfDB and Societe Generale. The new partnership… Continue reading AfDB and Societe Generale partner on €50m trade finance facility to support African SMEs
Debt utilisation in European SMEs
Trade Finance Global (TFG) surveyed firms throughout Europe to gain an understanding of SMEs’ trade finance usage norms and their propensity to pay for new or additional trade finance products and services.
Reserve Bank of India greenlights cross border trade transactions in rupees
Indian exporters and traders can now accept payment in Indian Rupees (INR), rather than US dollars, according to new rules introduced by the Reserve Bank of India The Reserve Bank of India (RBI) has announced a new forex mechanism in a bid to stabilise the Indian economy and encourage more cross-border trade. The system will… Continue reading Reserve Bank of India greenlights cross border trade transactions in rupees
Euro hits parity with US dollar for the first time in 20 years
After weeks of speculation and predictions of the euro’s value hitting parity with the US dollar, it finally happened this week, and the world noticed.
Euro-Dollar: “mother of all battles” underway at parity
For the third day in succession, a test of the psychologically important parity level in Euro-Dollar is underway, but a significant layer of options barriers could yet mean the exchange rate closes above this level again.
Why Vietnam is more attractive than ASEAN-4 as a manufacturing alternative to China
Over the last decade, Vietnam has become a top destination for investment in manufacturing – more desirable than other Southeast Asian nations like the ASEAN-4 countries (Indonesia, Malaysia, Thailand, and the Philippines). This has led many to wonder why Vietnam is such an attractive destination for investors.
Fraudbusters – MonetaGo’s CEO on tackling duplicate financing fraud in trade finance via the Trade Finance Registry
With the trade finance gap at an all-time high, some tech companies are creating novel solutions to help combat the wide-scale fraud that has challenged the sector for many years, making it a more attractive space for lenders once again.
TFG spoke to Jesse Chenard of MonetaGo to find out more.
De-risking and the unintended consequences of cutting correspondent banking lines
Elitza Kavrakova from Raiffeisen Bank International AG discusses how, despite years of discussion, commercial bankers have not seen much improvement in the process of de-risking.
EBRD to invest €20m in Lamda’s green bond in Greece
The European Bank for Reconstruction and Development (EBRD) has invested €20 million in a €230 million green bond issued by Lamda Development in Greece. Lamda is a Greek real-estate developer and owner of The Ellinikon. The Ellinikon, a regeneration project in Greece, aims to transform the former Athens International Airport into a sustainable and fully… Continue reading EBRD to invest €20m in Lamda’s green bond in Greece
What does Boris Johnson’s resignation mean for UK trade?
On Thursday, Boris Johnson resigned his role as UK Prime Minister.
TFG explores the potential impact that this political sea change could have on trade and the possible longer-term economic implications for the UK.
DIT unveils new measures for 21st-century UK-Africa trading partnership
On Thursday, UK Secretary of State for International Trade, Anne-Marie Trevelyan, introduced two new measures related to the UK-Africa trade partnership in a speech on the UK’s trade relationship with Africa at Invest Africa’s Africa Debate in London. First, the Department for International Trade has confirmed plans to launch their Developing Countries Trading Scheme. This… Continue reading DIT unveils new measures for 21st-century UK-Africa trading partnership