Banks are facing a risk that stricter environment, social and governance criteria could worsen the trade finance gap by cutting off access to financing for companies that need it most. It could hinder their expansion of sustainable trade finance offerings to meet growing corporate demand. Trade finance comprises financial instruments that support a company’s imports […]
India’s southern neighbour, Sri Lanka is struggling with the worst economic crisis since independence in 1948. The island nation is on the brink of bankruptcy, with nearly USD 7 billion of its total USD 25 billion in foreign debt due for repayment this year. A severe shortage of foreign exchange means the country lacks the […]
Sri Lanka’s economic crisis is wreaking havoc with multiple factors pushing pressure on authorities and eventually citizens of Sri Lanka. The Southeast Asian country is also facing troubles with managing the inbound shipments and imports to maintain inventories. Sri Lanka imports grew by 71.63% year-on-year in February 2022, revealed from Sri Lanka import data. It […]
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