The digitisation imperative for trade has been brought into sharp relief by Covid-19. There’s no doubt that banks and corporates have been forced to accelerate what they offer digitally in very rapid order. When a ‘wet signature’ is simply not available, and papers can’t be stamped or transported, it focuses the mind.
Some multilaterals are ‘supercharging’ their digitally-enabled trade and supply chain finance programmes in the crisis. How much is digitisation going to help narrow the gap between what trade finance is needed and what is under offer?
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