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International Monetary Fund
- Fiscal Monitor: How to Mitigate Climate Change October 16, 2019
- Fiscal Monitor, October 2019 : How to Mitigate Climate Change October 10, 2019
- Fiscal Monitor, April 2019 : Curbing Corruption April 10, 2019
- Fiscal Monitor: Curbing Corruption April 1, 2019
World Trade Organization — Latest news
- Items proposed for consideration at the next meeting of Dispute Settlement Body February 28, 2020The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 28 February 2020, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”. WTO
- US donates USD 600,000 to further developing countries’ trading capacities February 25, 2020The United States contributed USD 600,000 (CHF 590,000) in 2019 to help developing and least-developed countries (LCDs) participate effectively in global trade negotiations. This donation will finance training workshops for officials from WTO member governments to help them deepen their understanding of multilateral trade rules and strengthen their negotiating capacity. WTO
- Lithuania donates EUR 50,000 to enhance developing countries’ trading capacity February 24, 2020Lithuania is contributing EUR 50,000 (CHF 53,000) to help developing and least-developed countries take an active part in global trade negotiations. The contribution was acknowledged by Director-General Roberto Azevêdo at a meeting with Lithuania’s Minister of Foreign Affairs, Linas Linkevičius, on 24 February 2020. WTO
- Third anniversary of Trade Facilitation Agreement sees increasing implementation rate February 22, 2020Three years since the Trade Facilitation Agreement (TFA) entered into force on 22 February 2017, WTO members have continued to make steady progress in its implementation. Director-General Roberto Azevêdo, on the occasion of the TFA’s third anniversary, welcomed members’ efforts to ensure traders can reap the full benefits of 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 […]