Paper-based trade is a drag on the efficiency of the global trading system. Digitization will make trade and supply chains more robust, and the world more secure.
Mr. Beck has managed the exponential growth of ADB’s Trade Finance Program, and implemented its first supply chain finance business. Prior to joining ADB, he worked for the Canadian Imperial Bank of Commerce and was an advisor to the Canadian Minister of Finance. Mr. Beck played a key role in the start-up of the Black Sea Trade and Development Bank, and was a consultant for USAID in Southern Africa and for a start-up financial institution in Armenia. Mr. Beck is on the Advisory Board of the International Chamber of Commerce Banking Commission, and a member of the WTO Working Group for Trade Finance.
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Improving the reporting system to deter money laundering and the financing of terrorism will make it easier to track down those using the global financial system for nefarious ends, while easing restraints on legitimate trade.
The enormous logistical challenge of vaccine distribution will be aided by trade and supply chain finance guarantees.
The health crisis should drive us to aggressively digitize global trade and supply chains so we can make the economic recovery stronger and the economy more robust.
The COVID-19 pandemic underscores the need to support trade to not only move medical supplies but also to bolster economies
To level the playing field in Asia and the Pacific, women-owned companies need financial backing to support their importing and exporting needs.
There’s one big element missing before we can create a truly transparent, seamless and open international trading framework.