Successful lobbying by trade finance insurers, lawyers, banks and industry bodies has helped the sector dodge the danger of a PRA consultation paper that could have nearly shut down trade credit insurance as we know it. Will the industry get a taste for acting together?
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ECA support is integral to getting several large-scale carbon-intensive projects across the financial line in sub-Saharan Africa this year, with social infra schemes also high on the financing agenda of agencies active on the continent.
Blockchain was heralded and hyped as a great hope for SMEs accessing trade finance. Now, with a couple of failures of prominent solutions, questions are being asked. Wagons have circled, but will there be wider implications of the We.trade and Serai wind-ups on bank and non-bank finance for trade, and are there bigger long-term problems for financing trade?
There’s been a lot of doubt around whether the ‘S’ in ‘ESG’ can be tangibly, efficiently, and inexpensively measured. But with ES³G’s social scoring app piloting in the garments industry, perhaps some similar advancement could be made in the commodities space.