Bridging the trade finance gap to maximize trade opportunities

By BNY Mellon Treasury Services’s Joon Kim, Global Head of Trade Product & Portfolio Management; Dino Sani, Head of Relationship Management, Latin America; and Arnon Goldstein, Head of Relationship Management, Asia Pacific. The global trade finance gap remains a significant impediment to global trade. Standing at US$1.5 trillion, it equates to approximately 9.4% of the US$16 trillion shipped across international borders annually[1]. This is an astonishing figure, representing massive volumes of lost trade opportunities and unfulfilled business growth. While the gap itself is not a new phenomenon, it has snowballed in recent years, fuelled indirectly by heightened compliance requirements – including Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations – introduced in the wake of the global financial crisis. […]


Nature’s Currency: How Biodiversity Credits are Reshaping Conservation

By Victoria Galeano* Imagine sipping your morning coffee in a...

“Latin America, the vision of its leaders” A book by Andrés Rugeles and 100 regional leaders

The Colombian Andrés Rugeles has achieved an almost impossible...

Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]