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EDITOR’S
YOUR TEAM
Executive Editor
Kamola Makhmudova
makhmudk@ebrd.com
Associate Editor
Ikbol Hakimov
hakimovi@ebrd.com
Editor
Hannah Fenn
fennh@ebrd.com
Picture Editor
Dermot Doorly
doorlyd@ebrd.com
Production Editor
Dan Kelly
kellyd@ebrd.com
Contributors
(in addition to those already acknowledged): Vincent O’Brien, Bo-Wei Jiang, Zammurad Salam, Jenny Stephensen
Images: EBRD and image libraries Cover image by Jahongir Karimov
Designed by: Blackwood Creative – weareblackwood.com
Published by: EBRD Communications
One Exchange Square, London EC2A 2JN United Kingdom
Tel: +44 20 7338 6000 Fax: +44 20 7338 6100
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© EBRD 2018. All material is strictly copyright and all rights are reserved. Reproduction in whole or in part without the written permission of the EBRD is strictly forbidden. The greatest care
has been taken to ensure accuracy of information in this magazine at the time of going to press, but we accept no responsibility for omissions or errors. The views expressed in this magazine are not necessarily those of the EBRD.
LETTER
Greetings from the TFP team! International trade is experiencing another roller coaster year, with new highs and lows. But the EBRD remains steadfast in its mission to support international trade in the face of turbulent trade wars, de-risking and the rising cost of compliance. Continued access to trade finance, capacity development projects and industry networking events are priorities for us.
Our EBRD Trade Finance e-Learning Programme was one of these new highs, with over 5,000 students registering from 185 banks in 36 countries. We added two new e-learning modules: “Trade-based financing crime prevention” and “Going global: training for exporters and importers”. Our exclusive report from the graduation ceremony starts on page 32.
We are open for business in Uzbekistan! This year we activated three limits and hosted the first EBRD TFP Information Session on Financing Trade with the EBRD, in Tashkent. Read all about it on page 4.
One of the highest points of the year for us took place at the planet’s lowest point below sea level – Jordan. Here we hosted our TFP Information Session and Awards Ceremony at the EBRD 2018 Annual Meeting and Business Forum. We celebrated the most active and innovative partner banks in the countries where the EBRD invests and among other topics from other teams, our compliance team hosted a very heated discussion to demystify de-risking.
The TFP Trade Finance Forum 2018 was hosted in Tbilisi and it was the biggest success to date! Following a successful ICC Technical Meeting, guests representing more than 100 institutions from all over the world
not only enjoyed opportunities to engage with colleagues from the trade finance industry but also experienced great Georgian hospitality. This year’s Forum was co-hosted by the EBRD and ICC Banking Commission. Check out the article on page 24.
As always, we have our article sponsored by the TaiwanBusiness- EBRD Technical Cooperation Fund, which this time looks at the fitness equipment industry on the island. And a host of experts – Roland Guennou of OSACO Financial, Tod Burwell,
CEO of the Bankers Association for Finance and Trade, and Karolin Kirschenmann of the Centre for European Economic Research – take us through the
latest developments concerning de-risking, re-risking, due diligence and financial crime compliance
training.
Lastly, our most popular section – the
crossword and clinic – can be found on page 45. Thank you for an overwhelming number of
high quality answers.
The TFP team and Kamola Makhmudova, Senior Banker, Financial Institutions Team
@KMakhmudova.
Disclaimer
Terms and names used in this publication to refer to geographical or other territories, political and economic groupings and units, do not constitute and should not be construed as constituting an express or implied position, endorsement, acceptance or expression of opinion by the European Bank for Reconstruction and Development or its members concerning the status of any country, territory, grouping and unit, or delimitation of its borders, or sovereignty.
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