Tag: Coronavirus
Jeddah- 02 November 2020 –The Arab Bank for Economic Development in Africa (BADEA) intensifies its partnership with the International Islamic Trade Finance Corporation (ITFC) to support African Countries to fight COVID-19 through a joint program under the Arab Africa Trade Bridges (AATB). This took place during a signing ceremony at the Headquarters of the International Islamic Trade Finance Corporation (ITFC) between Eng. Hani Salem Sonbol, Chief Executive Officer of ITFC and Dr. Sidi Ould Tah, BADEA’s Director-General.
“As ADB’s developing members prepare to vaccinate their people as soon as possible, they need financing to procure vaccines as well as appropriate plans and knowledge to be able to safely, equitably, and efficiently manage the vaccination process,” said ADB President Masatsugu Asakawa. “APVAX will play a critical role in helping our developing members meet these challenges, overcome the pandemic, and focus on economic recovery.”
The UK-EU Free Trade Agreement was reached just days before the UK’s departure from the Single Market and Customs Union. The deal provides for zero tariffs and sero quotas, providing a basis for a more positive future cooperation, in comparison to trading on WTO terms. Agreements reached between the United Kingdom of Great Britain and […]
UK prime minister Boris Johnson placed England into a national lockdown and closed all schools as concerns grew over the spread of the virus and hospital capacity. The OECD has warned that despite a programme of vaccination in place more lockdowns and social distancing could be with us for another 12 months. Rishi Sunak announces […]
Paris, February 9, 2021 – In its County & Sector Risk Handbook, Coface, a leader in credit insurance has predicted an uneven recovery across countries, sectors of activity, and income levels in its quarterly risk barometer. Although the performance of China and other Asian economies is boosting global growth, the main global economies will not […]
The European Union quadrupled global sanctions in 2020, according to new data from Accuity. The steep rise in financial restrictions was driven in part by state violence in Belarus. Authorities responded violently to widespread protests against the re-election of long-term leader Alexander Lukashenko in September last year, which was widely viewed to be rigged. The […]
London 25th February 2021 – Results from the Berne Union Business Confidence Survey for the first quarter of 2021 indicate that demand for export credit insurance continues to increase, especially for short term business. Export credit agencies (ECA) have reported increases in all business areas and note that the main drivers remain the strong appetite […]
ITFC and FCI announce a virtual conference that will focus on the factors that drive socio-economic growth and stability.
