October 13, 2023

DG Okonjo-Iweala calls for enhanced efforts to boost access to trade finance

Speaking at the annual meeting of the World Bank Group and International Monetary Fund in Marrakesh, Morocco, on 13 October, Director-General Ngozi Okonjo-Iweala highlighted the importance of increasing access to trade finance for small businesses to assist their integration into global supply chains. She emphasized that trade finance plays a vital role in supporting inclusive participation in world trade and urged multilateral development banks to intensify their efforts to reduce the finance gap between demand and supply. The event was co-hosted by International Finance Corporation (IFC) Managing Director Makhtar Diop.

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