They could package trade finance assets and get guarantees from the multilateral trade financing
institutions and they could sell these assets to global banks," said Blyth.
This is a depiction of growth in domestic trade and also indicates that banks are meeting domestic trade financing
requirements better than before.
Benedict Oramah said in Cairo today that the organization of the seminar was motivated by the Banks goal of strengthening the capacity of its partners and clients in understanding trade and trade related project financing issues as they affect Africa, particularly given the widening trade financing
gap and the challenge of increasing the continents share of global trade.
The report notes small- and medium-sized enterprises (SMEs) face the greatest obstacles in accessing affordable trade financing
The MoU would focus on opportunities for joint trade financing
in Morocco and elsewhere in Africa in accordance with Shariah principles.
The trade financing
pricing outlook in Mena for 2015 and impact of Expo 2020 on Dubai trade were also highlighted.
As per market estimates, total trade financing
amongst the OIC member countries, including Saudi Arabia, Malaysia and Turkey stood just under USD 4 billion in late 2012, the report noted.
He said that over Jan-Sept 2013 the Bank ensured 31% growth in trade financing
as compared with Jan- Sept 2012.
The two entities have signed an MoU to implement Shari'ah-compliant trade financing
Summary: HSBC Holdings signed a memorandum of understanding with an affiliate of the Islamic Development Bank to facilitate sharia-compliant trade financing
activities on behalf of ITFC's customers, the lender said in a statement on Monday.
The trade financing
helps Pakistan increase cross-border trade, and benefits many important business sectors.
The AfDB with the IFC and Citigroup have agreed to provide up to $300m in trade financing
for exporters and importers in Africa to help boost economic growth.