To put it lightly, the past few years have been a rollercoaster ride for trade finance. Recent challenges have pushed the industry to the boundaries, which has created significant angst for many. However, this struggle also has a silver lining.
The geographically dispersed nature of international trade creates inherent difficulties when it comes to trusting a counterparty that may be located on the opposite end of the world.
WTO economists have revised world merchandise trade growth projections to grow by 1.7% in 2023, down from 2.7% in 2022, according to their latest “Global Trade Outlook and Statistics” report. … read more →
At the International Chamber of Commerce (ICC) UAE’s Trade Facilitation Summit, Trade Finance Global (TFG) spoke with Steven Beck, head of the trade and supply chain finance program at the Asian Development Bank (ADB).
Supply Chain Finance can, and should, be a force for good in ensuring much-needed liquidity reaches all suppliers, regardless of their size and meets the objectives of buyers.
At the end of March, Lloyds Bank released its latest report exploring supply chain resiliency across the global market. The report comes as internationally operating firms continue to face the… read more →
The British Exporters Association (BExA) today launched its UK Export Finance (UKEF) Benchmarking Report, scoring the export credit agency (ECA) 9 out of 10. The report, now in its 13th… read more →
Persistent structural gaps within and between the world’s economies will decisively influence trade in the years ahead. This was one of the key findings in the latest Future of Trade report.
The UK is set to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an expansive free trade area of 11 countries spanning the Indo-Pacific. The new agreement follows… read more →
The Asian Development Bank (ADB), through its Trade and Supply Chain Finance Program (TSCFP), has initiated a series of discussions with government agencies in several of its developing member countries… read more →