The FINANCIAL — ICC’s Advisory Group on Trade Finance has called on G20 leaders to leverage trade finance to safeguard SMEs and power global recovery. The co-chairs of a high-level advisory group to the International Chamber of Commerce (ICC) have issued an urgent call to G20 leaders to take action to avert the risk of widespread insolvencies amongst small- and medium-sized enterprises (SMEs) globally, due to the Covid-19 pandemic. In an open letter, Victor K. Fung (Chairman, Fung Group) and Marcus Wallenberg (Chair, SEB) have urged G20 leaders to make coordinated interventions to increase the availability of trade-related finance –…
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