A very fruitful meeting of Multilateral Development Banks (MDBs) on trade and supply chain finance, co-chaired by me and MD
@IFC_org Makhtar Diop. MDBs have increased their financing of trade transactions from about $35 billion annually pre-COVID-19 to $65 billion in 2026, representing considerable progress but the gap still remains large. Forward planning includes a push to further scale up. With CEOs or representatives of
@EBRD,
@ADB_HQ,
@AfDB_Group,
@afreximbank,
@the_IDB, and ITFC. It was great to have the attendance of
@ICCSecGen John Denton, Duarte Pedreira, Board Member ITFA, and the able moderation of Denis Medvedev, Global Director for Trade World Bank Group. Many thanks to our team, Nathalie Louat, IFC Global Director Trade Finance, Mohamed Gouled, IFC VP Products and Clients, and Marc Auboin,
@wto Section Chief Trade Finance.