Risk

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.

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.

If we could picture the TIR system being implemented in the post-Covid era, it will be a step way forward in going paperless, reducing trade barriers, as well as adding value to existing transit transportation systems.

The value of Trade Finance Programs, which if combined with regulatory and technological innovation, is destined to hasten the closing trade finance gap and bring broader positive economic outcomes for nations.

Unpacking previous events, TFG heard from FCI’s Secretary General Peter Mulroy, comparing how the factoring and receivables industry has fared during previous crises and what we can learn moving forwards.

With China receiving global backlash for alleged mishandling of Covid-19 crisis, resulting in businesses pulling out, can its neighboring counties with the latter’s emerging economies seize the opportunity, or is China irreplaceable?

TFG heard from Tanya and Stephen of Czarnikow discussing the impact of Covid19 on sugar supply chains considering different perspectives.

If Africa is to realize her trade potential, they must be willing to implement far-reaching reforms across all the segments and institutions of the economy.

The AfCFTA is an agreement seeking to establish a free trade area in Africa. AfCFTA’s trade liberalization objective, along with other industries goals, Africa may just be set for a new horizon in its trade, post-COVID19.

TFG caught up with Private insurance and risk mitigation experts Simon and Carol from The Texel Group, speaking on policies, types of insurance product, where the CPRI market might be headed in a post-pandemic world and appetite in 2020.

TFG heard from EXX Africa’s Keri Leicher, on the economic, political and health crisis in Africa caused by Covid-19 pandemic. Keri spoke of Africa’s high level of debt and silent attacks affecting the continent’s security.

Now is the time for trade finance institutions to take the lead in efforts to strengthen SME resilience and leave them in a position to be able to bounce back in the aftermath of the pandemic.

ICC Banking Commission has released its 2019 Trade Register Report, revealing COVID-19’s potential to disrupt global trade.

ICISA calls for a systematic approach across the EU to meet the demands of the crisis triggered by Covid-19. This coordination would enable economic sectors to still continue trading on a level playing field.

Here the story has been less dramatic. After the initial collapse in the pound to a 35-year low against the USD and 11-year low against EUR, we’ve seen a recovery to a level slightly above the average since the Brexit vote.