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Ulaanbaatar, Mongolia – June 22, 2023

Trade Finance Global (TFG) conducted an extensive media training held today at the United Nations House in Ulaanbaatar, Mongolia. This key event served as a precursor to the 20th edition of the World Export Development Forum (WEDF), a flagship event of the International Trade Centre (ITC), scheduled for June 26-29, 2023. 

TFG is proud to partner with the ITC for the forum, which promises to facilitate critical global trade discussions, business opportunities, and sustainable development initiatives.

In today’s media training, Mark Abrams, TFG’s MD and Head of Global Trade & Receivables Finance, delivered an insightful presentation. Abrams said, “Trade finance is an economic pillar fostering resilience, job creation, and growth. It empowers nations like Mongolia, rich in resources, to showcase their assets like copper, gold, and textiles on the global market.”

Abrams discussed the critical role of trade finance in the global economy, highlighting its importance for emerging and developing markets. He outlined why trade matters, current trends in global trade, new trade routes post-crises, and the crucial role digital transformation plays in the trade sector. Further, he underscored the vital importance of environmental and economic priorities in trade and acknowledged the growing engagement of women and young entrepreneurs.

Shedding light on global trends in trade finance, Abrams talked about the transformative potential of digitisation and blockchain technology. He emphasised how Mongolia is swiftly adapting to leverage these groundbreaking trends.

In his concluding remarks, Abrams underscored the pivotal role of the media in moulding public perception regarding the significance of trade finance in the worldwide economic progress, particularly in markets such as Mongolia. He emphasised, “The narratives you share have the power to shape perceptions and influence policy, making a tangible difference in the economic potential of nations like Mongolia.”

Today’s media training serves as a testament to TFG’s dedication to bridging the divide in trade finance education, as well as addressing the gap in trade finance itself. It aims to raise awareness about the crucial role of trade finance in the global economy.

As partners of the upcoming WEDF, TFG looks forward to further addressing issues surrounding MSME finance shortfalls and access to finance in emerging and developing markets, particularly in landlocked countries like Mongolia.

TFG’s Deepesh Patel will be speaking on the Access to Finance panel, as part of WEDF’s Green, Digital, and Inclusive programming on Wednesday, June 28th.

For more information about the WEDF Conference in Mongolia, visit this link.