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International Monetary Fund
- Fiscal Monitor Update, January 2021 January 20, 2021
- Fiscal Monitor: Policies for the Recovery October 14, 2020
- Fiscal Monitor, October 2020 : Policies for the Recovery October 14, 2020
- Fiscal Monitor, April 2020 : Policies to Support People During the COVID-19 Pandemic April 15, 2020
World Trade Organization — Latest news
- Trade Policy Review: Saudi Arabia March 3, 2021The third review of the trade policies and practices of Saudi Arabia takes place on 3 and 5 March 2021. The basis for the review is a report by the WTO Secretariat and a report by the Government of Saudi Arabia. WTO
- Civil society call for fishing subsidies deal welcomed by Dr Ngozi and negotiations chair March 1, 2021Director-General Ngozi Okonjo-Iweala welcomed civil society’s plea for a successful conclusion to the fisheries subsidies negotiations, illustrated through a fish ice sculpture set up by a coalition of non-governmental organizations (NGOs) in front of the WTO headquarters on 1 March. Dr Okonjo-Iweala visited the sculpture accompanied by the chair of the negotiations, Ambassador Santiago Wills […] WTO
- Twelfth Ministerial Conference to take place in Geneva in late 2021 March 1, 2021WTO members have agreed that the organization’s Twelfth Ministerial Conference (MC12) will take place in the week of 29 November 2021 in Geneva, Switzerland. The timing and venue were endorsed at a meeting of the WTO’s General Council on 1 March. WTO
- DG Okonjo-Iweala: WTO can deliver results if members “accept we can do things differently” March 1, 2021Addressing the WTO General Council immediately after taking office on 1 March, Director-General Ngozi Okonjo-Iweala called on members to “do things differently” to achieve reforms necessary to keep the WTO relevant, starting with swift action to curb harmful fisheries subsidies, and to help scale up COVID-19 vaccine production and distribution. The new head of the […] WTO
Promissory Note
In international trade, Exporters and Importers often use promissory notes in combination with letter of credits especially when deferred payment terms have been granted. The promissory Note is a document within which the issuer (maker) gives an unconditional promise to […]
Bill of Exchange
The bill of exchange is a document within which one party ( the drawer) gives the order to another (the drawee) to pay unconditionally a sum of money at a given place and date, for goods or services received. By […]
Forfaiting
Forfaiting is a financing method whereby the forfaiting company purchases a payment receivable at its face value (invoice value) minus costs which are composed of a discount and a risk premium. The existence of payment receivables can be […]
When should I use a confirmed Letter of credit
A letter of credit is by nature, a tool that protects exporters from the non-payment risk. As developed in our article which details the process of a letter of credit , if you require a commitment from a confirming bank […]