The financial effects of the COVID-19 pandemic and the global economic consequences of the geopolitical conflicts could widen the already huge financing gap and the need to achieve SDGs, through sustainable trade and productive capacities in developing countries.
As such, mobilizing a wide spectrum of resources for trade and infrastructure development finance is more important than ever.
Against this background, co-organized with UNCTAD, the event addressed the role of development banks in mobilizing innovative financial tools, including for trade and development.
Key questions addressed by the panel included:
- What challenges do traders and entrepreneurs face in accessing trade finance in developing countries under the current global context and constraints?
- What financing mechanisms can be applied to enhance supply chain and productive capacities of developing countries?
- What is the role of development finance institutions (DFIs) in bridging the financing gaps and growing needs in developing countries?
- What lessons could be learnt to secure adequate financing to boost trade as an engine of inclusive growth and support the SDG attainment?
Opening remarks
Mr. Lawrence Agyinsam, Honorary President, G-NEXID & CEO, Ghana EXIM Bank
Moderator
Ms. Miho Shirotori, Officer-in-Charge, Division on International Trade and Commodities, UNCTAD
Panel
Mr. Tarun Sharma, Chief Financial Officer, Export-Import Bank of India
Mr. Mohammed Zanna Awami, Head, Trade Finance Department, Nigerian Export-Import Bank
Ms. Diana Vivienne Barrowclough, Senior Economic Affairs Officer, UNCTAD
Link to the event on UNCTAD’s website:
https://unctad.org/meeting/ecosoc-forum-2022-side-event-innovative-financing
