Tariff uncertainty driving global economy towards recession, says UNCTAD | Global Trade Review (GTR)
Uncertainty around global trade policy is pushing the global economy towards a recession, UN researchers warn.| Global Trade Review (GTR)
Uncertainty around global trade policy is pushing the global economy towards a recession, UN researchers warn.| Global Trade Review (GTR)
The International Trade and Forfaiting Association (ITFA) has issued the Washington Declaration, a call to action urging the United Nations to formally recognise the global trade finance gap as a critical barrier to achieving the Sustainable Development Goals (SDGs). ITFA has proposed ambitious targets for the trade finance industry: halving the US$2.5tn gap by 2030 ...| Global Trade Review (GTR)
Already grappling with a long-term decline in correspondent banking relationships, banks in Eastern Europe and Central Asia are concerned de-risking is accelerating in the wake of sanctions imposed on Russia. However, participants at a recent industry event believe there could be signs of positive change ahead. Correspondent banking provides a vital lifeline for regional lenders ...| Global Trade Review (GTR)
New York legislators have taken an important step towards digitalising trade in the state, adopting reforms that provide a legal basis for electronic records and digital assets. Adopted by the Assembly and Senate on June 11, the reforms bring New York in line with the Uniform Commercial Code (UCC), a model law amended in 2022 ...| Global Trade Review (GTR)
The World Bank has agreed to guarantee funding to Banco do Brasil, enabling the bank to offer up to US$700mn in trade finance to MSMEs. The Multilateral Investment Guarantee Agency (Miga), an arm of the World Bank, will provide a 95% guarantee on a three-year loan provided to Banco do Brasil by BBVA and ...| Global Trade Review (GTR)
Over the last 25 years, the European Bank for Reconstruction and Development (EBRD) has provided a vital lifeline to lenders in countries or regions grappling with political or economic uncertainty through its Trade Facilitation Programme. Today, with the threat of conflict, environmental disaster or other economic shocks continuing to impact trade, the programme is continuing ...| Global Trade Review (GTR)
The UK government is injecting an extra £20bn of capacity into UK Export Finance as part of a national trade strategy.| Global Trade Review (GTR)
