Simplifying trade financing for smaller enterprises
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As more manual processes become automated, industries are looking to see how they can implement them best without disrupting their business. While some industries have chosen to go paperless, reduce forms, and shorten processing times, others are still trying to achieve this. One sector that is looking to speed up traditional and complex processes is trade financing.
Just like any financial service industry (FSI), trade financing is also bound to various compliance and regulatory checks before they can implement any use of technology. However, unlike fintech, which is being applied by most FSIs, trade finance covers a broader range of services.
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ADB predicts Bangladesh GDP to strengthen further amid pandemic
Staff Correspondent
28th April, 2021 11:36:24
Asian Development Bank (ADB) on Wednesday stated that Bangladesh’s GDP growth rate may be in the range of 5.5 to 6 percent in the current fiscal, which is also quite enviable in the circumstances.
The organization also said the resurgence in Covid-19 cases and delays in availability in the supply of vaccines, both globally and domestically, could undermine the economic growth outlook. Under sustained global recovery and effective Covid -19 management, GDP growth is expected to further strengthen to 7.2% in FY2022.
Presenting the latest Asian Development Bank (ADB) report Asian Development Outlook (ADO) 2021, ADB senior economist Soon Chan Hong said ADB will provide $940 million loan to Bangladesh to procure Covid-19 vaccine that’s under process.