Trade finance still a worry despite recovery

Trade finance, vital to keep the wheels of international trade turning, remains a concern for poor countries in Africa and other regions, even as global commerce rebounds in the recovery, trade finance sources said.

Practitioners in the $10-trillion market are now talking to regulators to ensure that efforts to stop banks hiding toxic assets do not make it harder and costlier to extend trade finance, traditionally one of the safest forms of credit.

The World Trade Organisation will host a meeting of trade finance bankers, international financial institutions and regulators on May 18 (today) to monitor the state of the market ahead of the G20 summit in Toronto next month.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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