Over 190 governments have adopted a “once-in-a-decade” UN pledge to renew the global framework for development finance, outlining a detailed plan to help mobilise private sector capital alongside public funding. Following a year of research, talks and redrafting, the Sevilla Commitment was adopted by all but one of the UN’s members last week, concluding four ...| Global Trade Review (GTR)
The Netherlands has tabled reforms to recognise the validity of electronic bills of lading (eBLs), marking another milestone in Europe for the digitalisation of trade. The Dutch government introduced a draft bill in the parliament's lower house giving eBLs the same legal status as their paper version, the justice ministry says in a May ...| Global Trade Review (GTR)
ITFA has released a template to help banks document short-term trade loans issued via Swift MT799 messages.| Global Trade Review (GTR)
Baft (Bankers Association for Finance and Trade) has appointed Nick Smit, global head of financial institutions banks at ING, as chair of its board of directors for the 2025-26 association year. He succeeds Suresh Subramanian, head of North America for transaction banking at BNP Paribas, who has served as chair since 2023 and oversaw the…| Global Trade Review (GTR)
