ICC's 11th annual Global Survey on Trade Finance reveals bank optimism about the evolving nature of trade finance, though expect various industry-wide challenges and disruption as a result of the COVID-19 pandemic.
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Ahead of the launch of the International Chamber of Commerce’s (ICC) Global Survey on Trade Finance, Deutsche Bank’s Global Head of Trade Finance Flow, Michael Dietz, discusses how supply chains are under significant pressure -- but will not break – and how part of the solution lies with the increasing proliferation of robust payables finance programmes and the acceleration of trade finance digitalisation in his guest blog for the world business organization.
Ahead of the launch of the International Chamber of Commerce’s (ICC) Global Survey on Trade Finance, BNY Mellon’s Global Head of Trade Finance Product and Portfolio Management, Joon Kim, explains how banks are showcasing their resilience throughout the COVID-19 pandemic, in his guest blog for the world business organization.
ICC has today announced its support for a multistakeholder initiative calling on policymakers, regulators and remittance services providers to improve migrants’ access to remittance services and reduce transfer costs during the ongoing novel coronavirus (COVID-19) pandemic.
ICC – the institutional representative of over 45 million businesses – has called for action to tailor financial support measures to the needs of micro-, small- and medium-sized enterprises (MSMEs) in the context of the COVID-19 pandemic.
ICC Trade Register reflects on the impact of COVID-19 on global trade, while affirming trade finance’s decade-long low-risk profile.
ICC has issued a collection of rapid response measures by trade finance banks to keep trade finance and trade flowing in the face of COVID-19.
ICC – the institutional representative of 45 million member companies – has welcomed a pledge from G20 Finance Ministers to suspend debt service payments for the poorest countries that request forbearance.
Global business, workers and civil society unite in call for emergency debt relief to save lives and livelihoods
ICC, ITUC and Global Citizen call for World Bank and IMF Spring Meetings to take debt out of the COVID-19 equation.
ICC has issued two guidance publications to help governments and regulators deal with trade finance market disruptions caused by COVID-19.