There have been 1.7 million confirmed cases of coronavirus globally, with over 100,000 deaths. The majority of countries around the world still have strict lockdowns in place, and the virus is still spreading rapidly.
TFG’s Carter Hoffman explores the current and potential impact of COVID-19 on both international trade and trade finance. Business as unusual, the decisions we make now will have long lasting impacts.
The coronavirus focus in the last week has largely been around the provision of PPE, as well as MDBs providing continued economic support to businesses
The coronavirus focus is now on ensuring countries have free flow of medical supplies, equipment and goods, with the support of MDBs
Unexpected and unpredictable, COVID-19 has already made a huge impact on global economies and markets, including the currency market.
TFG spoke to Clyde & Co’s Robert Parson about the development of trade finance as an asset class, a view on COVID-19, and tradetech
TFG spoke to Vape Club’s Vlad Vassiliev about some of the supply chain disruptions and strategies eCommerce companies are undergoing to navigate unchartered waters.
TFG and ITFA welcome global experts from the industry to discuss how the trade industry is not only keeping the lights on, but forming the frontline for millions of businesses around the world.
The impact of the coronavirus crisis is being felt in all corners of the world, slowing down global trade, isolating people, communities and SMEs.
In response to ADB’s recent USD $200mn to boost trade finance in response to the impact of COVID-19, TFG caught up with Manilla based Steven Beck on TFT. The requirements for multinationals and development banks has never been more important in keeping supply chains running.
A vast easing of both fiscal and monetary policy in response to the COVID-19 impact. For the trade community, keeping the lights on and continuing to allow international trade has been critical.
The coronavirus outbreak has impacted financial markets, with governments responding through monetary easing, & further quarantines. 7th March 2020