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Momentum continues to build around environmental, social and governance (ESG) efforts in trade and trade finance. Every week, the GTR editorial team reports on encouraging new developments in this space. Recently, this has included a decision by the European Council that gives export credit agencies (ECAs) in the EU until the end of 2023 to ...
The UK now has what is being tipped the “world’s first” hub dedicated to accelerating the digitalisation of trade, with the launch today of the Centre for Digital Trade and Innovation (C4DTI). The centre will be based in the UK’s Teesside region. Co-ordinated by the International Chamber of Commerce (ICC) UK as an impartial convener, ...
The African Export-Import Bank (Afreximbank) has announced a new multi-billion-dollar initiative to help member countries battle soaring import costs and foreign currency challenges stemming from the Ukraine conflict. Afreximbank’s board has approved additional financing of US$4bn for the Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA), a package comprised of several types of credit ...
Estonian supply chain finance platform SupplierPlus has hired sustainable trade finance specialist Maria Mogilnaya to lead its expansion efforts. Until recently Mogilnaya was a principal banker in the European Bank for Reconstruction and Development’s trade facilitation programme, leading the multilateral lender’s green trade finance and digitalisation efforts. Mogilnaya will split her time between London and ...
Financial technology solutions provider MonetaGo has appointed Jairo Romo Marugan to lead its newly launched Spanish business. Romo, who started in his role on March 1, joins MonetaGo from Wipro, where he developed cross-industry fintech solutions. Prior to this, he headed up the strategic expansion of California-headquartered UST into Spain, Mexico, Peru and Colombia. His ...