“In 2024, 60% of the world’s population will be going to the polls,” says Marco Forgione, director general of the Institute of Export & International Trade (IOE&IT), as his attentions turn from one year of rapid growth for the organisation he leads to 2024, another year likely to be full of significant change. “You’ve got […]
Amidst ongoing high interest rates and geopolitical flux, Demica, a leading fintech supporting the trade finance programmes of the world’s major banks and corporations, offers its 2024 forecast for the sector. This analysis delves into anticipated trends and evolving strategies in supply chain finance, highlighting the critical role of banks and fintechs in shaping a […]
HSBC has launched a pioneering new ‘fast-track’ digital trade finance demand guarantee to help customers trade internationally in a more seamless, secure and efficient way. The solution allows customers to issue digitally processed guarantees that can be issued to a beneficiary in real time, reducing issuance times from a typical 3-4 days, down to potentially […]
The UK has issued loan guarantees which allow British exporter Innovo Group to secure a €415m contract to deliver critical infrastructure projects in Benguela Province, a region in the west of Angola adjacent to the Atlantic Ocean. The support has been issued through UK Export Finance (UKEF) – the government’s export credit agency – and means that projects will now go ahead […]
UK Export Finance has rallied together export credit agencies from around the world to join a Net Zero Export Credit Agencies Alliance being launched today at the COP28 summit. Backed by the UN’s Environment Programme Finance Initiative, the partnership will promote greater action from export credit agencies and EXIM banks in achieving net zero emissions […]
The UK government has secured financing for the construction of a drainage network over 350km long which will bring clean water to tens of thousands of residents in the Al-Hillah district of Iraq, to the south of Baghdad. The financing comprises a guarantee for £113m in financing arranged by Standard Chartered Bank, as sole Structuring […]
The UK’s position in the global world order is currently strong, but it is getting weaker. This was a key finding from a poll of members of the international trade community who gathered in London two weeks’ ago today (15 November), for the Institute of Export & International Trade’s (IOE&IT) inaugural Import Export Show. (IES) […]
In 2024, it will be “imperative” for traders to stay up to date with new rules and systems for trade between the UK and EU, trade and customs experts will say on a webinar next week. The Institute of Export & International Trade (IOE&IT) is hosting a free webinar on Wednesday 6 December giving an ‘overview of […]
New research from SME funder, Bibby Financial Services, reveals an increasingly tough environment for small businesses trading overseas in post-Brexit Britain. A clear majority (58%) cite the collective impact of high tariffs, and customs and trade barriers as the key challenge they face. This is compounded by additional adverse factors, including: o The […]
UK Export Finance (UKEF) announces today at its annual conference that it is introducing more flexible, fast-track financing for small businesses – making it easier than ever for UK firms to sell in international markets. More fast-track funding for small UK exporters The export credit agency has expanded its ‘auto-inclusion’ scheme which provides fast-track access […]
