TFG’s Joana Fabiao, had the opportunity to sit down with David Thambiratnam, CEO of Veridapt, a global force in commodity management for over 15 years.
Your morning coffee briefing from TFG. The global economy could lose over $4 trillion due to the pandemic, world’s leading economies agree on a global minimum corporate tax rate of 15%, US economy shows signs of rebounding after Joe Biden’s stimulus package, European companies focus on ASEAN region amid expectations of business growth, and UK and Singapore start negotiations on digital trade to cut red tape on e-transactions and e-signatures.
Owing to the pandemic, eUCP Version 2.0 and eURC Version 1.0 rules created by the ICC have received increased interest over the past few months. There is a growing realisation by practitioners that paper documents are causing delays and disruption.
The 2nd edition of ITFA’s manual on digital negotiable instruments, produced in collaboration with members of the DNI Initiative and TFG is here!
In partnership with ICC Austria, Trade Finance Global’s Editor, Deepesh Patel, hears from Kwabena Ayirebi from AfreximBank and Isaac Mahanke from Standard Bank about trade digitisation, compliance and risk in a post-COVID-19 world.
International Chamber of Commerce (ICC) warns G7 leaders they risk imposing major costs to the global economy
In a panel moderated by Christine McWilliams at TXF’s Global Commodity Finance Virtual 2021, which TFG partnered with, this impact was discussed at great depth, looking at how to navigate commodity trade finance in a post-COVID world.
The temporary Trade Credit Reinsurance (TCR), created by the government and the Association of British Insurers (ABI), allowed over half a million businesses to stay afloat, provided certainty to firms across the UK and safeguarded jobs, is now set to come an end on the 30th of June.
Your Monday morning coffee briefing from TFG. The world is emerging from a deep recession, and the recovery is coming faster than expected. With more than 800m vaccines administered globally, activity holding up despite lockdowns and additional fiscal stimulus coming. The IMF expects the global economy to stage a strong recovery, growing by 6.0% this year, with growth of 4.4% in 2022.
After Covid-19 crippled global commerce, the World Trade Organization said March 31 that it expected the planet’s merchandise trade to increase 8% in 2021 after contracting 5.3% in 2020.
The pandemic has undoubtedly had countless negative implications for the global community. However, amidst all the turmoil there have been some silver linings.
Operations everywhere have been impacted by the pandemic, though the obstacles faced in collateral management remain particularly challenging.
The first half of 2021 should be similar to the year 2020, marked by the strongest global recession since the end of the Second World War.
TFG is delighted to announce a media partnership with the 5th World Trade Symposium, hosted by Finastra.
TFG’s Mark Abrams spoke to IFC’s Qamar Saleem, about the role of DFIs in assisting MSMEs in the short and medium term COVID-19 recovery.