Deutsche Bank and World Bank Debut $1.1 Billion Trade Finance Platform
Deutsche Bank and the World Bank launched a 1-billion-euro (about $1.1 billion) trade finance platform, according to a Tuesday (July 14) press release . The platform is designed to increase access to trade finance in frontier and emerging markets, the release said. “Trade finance is the ‘working capital of nations’ and essential to achieving the job creation and economic inclusion needed to improve lives and livelihoods in our member countries,” Junaid Kamal Ahmad , vice president of operations