In partnership with UNCTAD and UNDESA, G-NEXID members shared their experience in trade finance under COVID-19

Organized by the United Nations Conference on Trade and Development (UNCTAD), in partnership with UN Department for Economic and Social Affairs (UN DESA) and G-NEXID on 18 January 2022, the Trade Policy Dialogue on ‘Trade Finance under COVID-19: Experience of Development Banks, Export-Import Banks and Export Credit Insurers in Developing Countries’ addressed the following issues:

  • What challenges do the providers of trade finance face in developing countries?
  • How can the international community, including through regional cooperation, help address trade finance challenges?
  • How have these institutions sought to address the challenges associated with trade finance?

In addition to the Asian Development Bank (ADB) and the World Trade Organization (WTO), two G-NEXID members shared their perspectives: the Export-Import Bank of India (India Exim Bank), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

The outcome provided substantive inputs to the discussion on the trade finance gap in the upcoming
Inter-Agency Taskforce (IATF) Report on Financing for Sustainable Development 2022 (section 5.2).

The detailed report is presented in the Yearbook for 2022.