GLEIF will be a critically important contribution to help realize many of the current developments in fintech, and to spur more growth in cross-border trade.
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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2015 was already tough, and we're moving into the new year with few signs that trade will pick up – but our team is enthusiastic about tackling 2016 challenges.
The enormous logistical challenge of vaccine distribution will be aided by trade and supply chain finance guarantees.
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.
Public open trading windows, smart contracts, or government-issued e-currency are just a few examples of how digitization is changing how people trade.
The COVID-19 pandemic underscores the need to support trade to not only move medical supplies but also to bolster economies
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.