Priming trade finance to safeguard SMEs and power a resilient recovery from Covid-19

Memo to: G20 Governments, Central Banks and International Financial Institutions

ICC welcomed the early actions taken by governments, development banks and regulators to provide support for trade finance in response to the initial impacts of the crisis, but believes there is a clear rationale for additional interventions to mitigate the risk of trade financing gaps inhibiting a post-pandemic recovery.

Based on extensive consultations with financial institutions and businesses throughout our global network, ICC appeals to G20 governments to commit to coordinated action of sufficient ambition and scale to enable cross-border trade to provide genuine relief to businesses and workers.

This document sets out recommendations for the G20, Central banks and financial institutions to prime trade finance to safeguard SMEs and power a resilient recovery from Covid-19.

Read the open letter

Read more about global action to Save our SMEs

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