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.
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.
Peer-to-peer data sharing is being tested in Georgia, Cambodia, Indonesia, and Myanmar.
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.
We need to know as much as possible about how products are made. This will require new systems that bring greater transparency to global trade and supply chains.
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
The pandemic laid bare the fragility of global supply chains and the need to increase access to trade finance to spur economic growth and create jobs.
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.