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International Monetary Fund
- Fiscal Monitor, April 2021 April 7, 2021
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- Fiscal Monitor: Policies for the Recovery October 14, 2020
World Trade Organization — Latest news
- Bolivia outlines vaccine import needs in use of WTO flexibilities to tackle pandemic May 12, 2021The government of Bolivia has formally notified the WTO of the country’s need to import COVID-19 vaccines, taking another step towards using flexibilities in WTO intellectual property rules as part of its pandemic response. WTO
- Webinar to explore perspectives on access to medical technologies May 12, 2021A panel of leading experts from government, industry, civil society, academia and intergovernmental organizations will explore the different perspectives on access to medical technologies over the past 25 years at a webinar on 19 May 2021. The event forms part of a series of events to mark the 25th anniversary of the Agreement on Trade-Related […] WTO
- Fishing subsidies negotiations chair introduces new text in run-up to July ministerial May 11, 2021The chair of the fisheries subsidies negotiations, Ambassador Santiago Wills of Colombia, introduced on 11 May a new draft text aimed at bringing members closer to agreement ahead of the 15 July meeting of ministers. The text is based on members’ collective work and proposes landing zones to curb harmful fisheries subsidies and ensure the […] WTO
- New booklet highlights key results of 2020 work on standards and regulations May 10, 2021The WTO has launched a new booklet highlighting ten key results from the latest annual review of the Technical Barriers to Trade (TBT) Agreement. The booklet outlines how WTO members are implementing the Agreement. 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 […]