The borrower and the lender sign the usual agreement.
The lack of knowledge and awareness among traders of the concessions offered by the FTAs has been a key impediment to Sri Lanka garnering maximum benefits of existing FTAs. Although a majority of exporters/importers were aware of the FTAs, many SMEs lack awareness of specific information on the duty concessions offered and the processes in acquiring the preference (ROO, tariff rate quotas, etc.). This list contains sensitive products which are exempted from tariff concessions under the agreement. The negative list should be prepared in consultation with local stakeholders by weighing revenue considerations as well as implications for local industries and livelihoods which may be adversely affected by trade liberalisation here. 1. Certificate is provided. 2. Youll be able to draft contracts. Its a very practical course! Coming from a humble background, where the access for such rich information is limited. It was like learning in
Gautier Despret, Head of Private Debt, IQ-EQ Luxembourg
(Photo : 360Crossmedia)
Environmental, social and governance (ESG) is no longer a concept for hippie investors or millennials. It has become a new way of doing business, and if you don’t join the bandwagon now, you will miss the party – or, more specifically, the fundraising party.
It is true that companies have been, even until recently, largely evaluated only on their financial parameters, such as price-to-earnings ratios or earnings growth, to determine whether they would make for a strong investment prospect. However,
ESG has risen firmly to the fore – driven by both investors and regulators, particularly in the wake of Covid-19 disruption – and
LIBOR (London inter-bank offered rate) will be phased out by the end of this year and borrowers must act now to agree the transition process with their lenders and hedge counterparties. But what is the best approach when lenders’ and hedge counterparties’ transition processes are moving at different speeds?
South African bank secures continent s first green loan
The private-sector arm of the World Bank says it will lend up to $150 million to Johannesburg-based Absa Bank for green project funding.The International Finance Corp (IFC) today announced it will provide credit of up to $150 million to Johannesburg-based lender Absa Bank to finance renewable energy and climate change-related projects it what it labeled Africa s first certified green loan. The finance, which complies with the green loan principles stipulated by London-based lending-market membership body the Loan Market Association, will finance biomass and other renewable energy projects .
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The trade finance industry now has another tool in its ESG toolbox with the publication of the global loan market associations’ social loan principles (SLP).
Launched jointly by the Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA), the SLP are a set of voluntary recommended guidelines for lending that mitigates social issues and challenges or achieves positive social outcomes.
The SLP are the latest in a series of ESG-related loan principles. In 2018, the LMA published the green loan principles (GLP), which clarified the instances in which a loan may be categorised as green, while in 2019, the launch of the sustainability linked loan principles gave the finance industry a definition of sustainability linked finance.