ITFA has led another industry wide initiative to draw the attention of governments and regulators to the importance of the continuous support of all the different insurance tools in times of crisis.
Category: World finance
Receivables finance – WOA’s Community Update for 2020
TFG heard from WOA’s founder, Erik Timmermans, on the latest in receivables and open account trade in 2020, the impact of the COVID pandemic on the RF community, and what we could expect for the remainder of the year.
UK inward investment projects increase in 2019
Figures from the Department for International Trade published today (10 July), show the UK attracted 1,852 new inward investment projects in 2019/2020 financial year, representing a 4% increase on the previous year. Today’s figures show the US continues to be the number one source of foreign direct investment in the UK, delivering 462 projects and… Continue reading UK inward investment projects increase in 2019
What goes around comes around – An investigation into the implications of record social stimulus
As lockdowns became the norm around the globe, governments have had to step in to support their economies due to the substantial downturn in economic activity – breaking stimulus records in the process.
World Bank Extends To TDB A Debut $415 Million Long-Term Infrastructure Finance Facility – A First Of Its Kind
[box] Amidst the Covid-19 crisis, World Bank IDA approves a record long-term USD 415 million project financing facility with a credit line blended with technical assistance for TDB. [/box] Nairobi, 30 June 2020 – The Eastern and Southern African Trade and Development Bank (TDB) is delighted to announce the approval of a ground-breaking USD 415 million… Continue reading World Bank Extends To TDB A Debut $415 Million Long-Term Infrastructure Finance Facility – A First Of Its Kind
ITFC Finances Afreximbank with US$200 Million COVID-19 Response Package for the Agriculture Sector in Sub Saharan Africa
[box] Murabaha financing agreement delivers critical support for thousands of farmers exporting food commodities across the continent as COVID-19 impacts global food commodity prices. [/box] (Jeddah, KSA, 30 June 2020). The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, signed a US$200 million syndicated Murabaha financing agreement with the African Export-Import Bank (Afreximbank), a multilateral financial… Continue reading ITFC Finances Afreximbank with US$200 Million COVID-19 Response Package for the Agriculture Sector in Sub Saharan Africa
SME Crisis Playbook: Generating cash with trade receivables finance
SMEs need to re-think their innovation strategy including digitalisation as the pandemic has accelerated the shift to digital technology in trade.
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.
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.
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.
Agrocorp receives $50M from FMO and Rabobank to enhance food supply chains
Singapore, June 2, 2020 – The COVID-19 pandemic has challenged food supply chains globally and especially in developing markets in Asia, the Middle East and Africa where lockdown measures have led to reduced food production and rising prices. In order to ensure a continuous flow of food from farmers to end-consumers, the role of the… Continue reading Agrocorp receives $50M from FMO and Rabobank to enhance food supply chains
ITFC Signs COVID-19 Relief Program for Republic of Kyrgyzstan
(Jeddah, KSA, 1st June 2020) – The International Islamic Trade Finance Corporation (ITFC), has signed an agreement to support the provision of a food relief program for the most vulnerable people in Kyrgyzstan during the outbreak of the new coronavirus (COVID-19). The agreement, which has been agreed in coordination with of the Kyrgyzstan Government, will allow the ITFC… Continue reading ITFC Signs COVID-19 Relief Program for Republic of Kyrgyzstan
How Trade Finance Programmes at Multilateral Development Banks are closing the Trade Finance Gap
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.
ADB Study Maps Supply Chains for Key Products in COVID-19 Response
MANILA, PHILIPPINES (28 May 2020) —The Asian Development Bank (ADB) has released a landmark study which maps supply chains for critical products in the global response to the novel coronavirus disease (COVID-19) pandemic, clearing the way for the identification and removal of blockages in their production and distribution. The interactive maps will enable banks, investors, governments, and healthcare… Continue reading ADB Study Maps Supply Chains for Key Products in COVID-19 Response
Quarter of SME Merchants were Borrowing Funds to Pay Business Costs or Salaries – Even Before Covid-19
London, 27th May 2020 – Europe-wide research commissioned by innovative financial infrastructure provider Banking Circle has found that nearly two thirds (64.6%) of online merchants have needed extra finance in the past two years (excluding borrowing due to the current COVID-19 crisis). Nearly a quarter (23%) needed the additional funding to cover payroll, and a… Continue reading Quarter of SME Merchants were Borrowing Funds to Pay Business Costs or Salaries – Even Before Covid-19