BANKS AND INTERNATIONAL TRADE FINANCE: GREEN PRACTICES IN LETTERS OF CREDIT
The aim of this paper is to assess the role of banks in green trade finance, with a focus on the letters of credit. The research findings highlight that, among other initiatives, banks have begun to promote sustainable development through trade finance products, facilitating international trade in...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2024-12-01
|
| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_2/geo_2024_vol12_no2_art_005.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849392791825678336 |
|---|---|
| author | CLAUDIA GABRIELA BAICU |
| author_facet | CLAUDIA GABRIELA BAICU |
| author_sort | CLAUDIA GABRIELA BAICU |
| collection | DOAJ |
| description | The aim of this paper is to assess the role of banks in green trade finance, with a focus on the letters of credit. The research findings highlight that, among other initiatives, banks have begun to promote sustainable development through trade finance products, facilitating international trade in environmental goods and services. The multilateral development banks can also contribute to increasing international trade finance availability. In this respect, the trade finance facilitation programmes developed by the International Finance Corporation and the European Bank for Reconstruction and Development are relevant. However, green trade finance is facing a lot of challenges, including lack of international standards, but efforts are underway to address them. |
| format | Article |
| id | doaj-art-c9cf2ebcf8c0480eb4cc1b0218c0ab85 |
| institution | Kabale University |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-c9cf2ebcf8c0480eb4cc1b0218c0ab852025-08-20T03:40:41ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502024-12-011224551BANKS AND INTERNATIONAL TRADE FINANCE: GREEN PRACTICES IN LETTERS OF CREDITCLAUDIA GABRIELA BAICU0Department of Economic Integration and Financial Markets Institute for World Economy, Romanian Academy Calea 13 Septembrie No.13, ROMANIA, baicuclaudia70@yahoo.ro The aim of this paper is to assess the role of banks in green trade finance, with a focus on the letters of credit. The research findings highlight that, among other initiatives, banks have begun to promote sustainable development through trade finance products, facilitating international trade in environmental goods and services. The multilateral development banks can also contribute to increasing international trade finance availability. In this respect, the trade finance facilitation programmes developed by the International Finance Corporation and the European Bank for Reconstruction and Development are relevant. However, green trade finance is facing a lot of challenges, including lack of international standards, but efforts are underway to address them.http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_2/geo_2024_vol12_no2_art_005.pdfgreen trade financeletter of creditbanksdevelopment bankssustainable developmentenvironmental goods and services |
| spellingShingle | CLAUDIA GABRIELA BAICU BANKS AND INTERNATIONAL TRADE FINANCE: GREEN PRACTICES IN LETTERS OF CREDIT Global Economic Observer green trade finance letter of credit banks development banks sustainable development environmental goods and services |
| title | BANKS AND INTERNATIONAL TRADE FINANCE: GREEN PRACTICES IN LETTERS OF CREDIT |
| title_full | BANKS AND INTERNATIONAL TRADE FINANCE: GREEN PRACTICES IN LETTERS OF CREDIT |
| title_fullStr | BANKS AND INTERNATIONAL TRADE FINANCE: GREEN PRACTICES IN LETTERS OF CREDIT |
| title_full_unstemmed | BANKS AND INTERNATIONAL TRADE FINANCE: GREEN PRACTICES IN LETTERS OF CREDIT |
| title_short | BANKS AND INTERNATIONAL TRADE FINANCE: GREEN PRACTICES IN LETTERS OF CREDIT |
| title_sort | banks and international trade finance green practices in letters of credit |
| topic | green trade finance letter of credit banks development banks sustainable development environmental goods and services |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_2/geo_2024_vol12_no2_art_005.pdf |
| work_keys_str_mv | AT claudiagabrielabaicu banksandinternationaltradefinancegreenpracticesinlettersofcredit |