In the realm of global trade, which plays a pivotal role in economic growth, recent trends showcase accelerated expansion across regions, with developing economies, notably in Africa, witnessing significant trade volume growth. Despite tariff tensions, efforts led by the WTO and commitments from the G20 aim to fortify the global trading system. Integral to trade is supply chain financing, crucial for nearly 80 to 90% of global trade, relying on documentary and collateral-based activities governed by established ICC rules. While trade finance boasts low risk and default ratios, liquidity challenges and increased risk concerns have impacted its effectiveness, particularly for small and medium enterprises in developing nations.
Our upcoming program offers a valuable opportunity to enhance understanding of trade finance mechanisms, products, rules, and digitalization developments. Led by an expert, the sessions aim to raise awareness and provide knowledge to ensure timely trade finance availability, especially for small and medium enterprises, fostering economic growth through interactive discussions and case analyses.