- Announced the creation of a new Advisory Group on Trade Finance (ATF) a cross-sectoral coalition of leaders in global trade
- The ATF co-chaired by Victor K. Fung, Chairman of the Fung Group, and Marcus Wallenberg, Chair of SEB will work to inform policy reforms
- Despite impressive early actions taken by commercial banks and public bodies in response to the initial phase of the crisis
- The European Bank of Reconstruction and Development recently reported that it has provided a unprecedented €1.8 billion in market
- Trade finance is the critical enabler of international trade and key to the revival of the global economy and job creation post COVID-19
- The initiative will culminate with a review of its impacts on 15 November 2021 in Hong Kong, conditions permitting
