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)
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)