Innovation creates businesses. Businesses need trade. And trade needs to be sustainable.
Combining all three elements the
This year, the EBRD is joining the contest as a partner for the first time by providing a challenge - to automate the assessment of its green trade finance transactions. The introduction of automated assessment based on publicly available and searchable databases of green technologies and materials will allow the EBRD to scale up its green trade finance over the coming years.
For the contest, start-ups will submit business ideas for each challenge and pitch their proposals in regional competitions. Start-ups chosen in the regional competitions will then be invited to participate in the grand finale in
The EBRD's Green Trade Facilitation Programme (TFP) allows partner banks to use their existing TFP facilities for the financing of exports, imports and the local distribution of imported green technologies and materials, in line with the EBRD's Green Economy Transition (GET) approach. The GET expertise provided by the EBRD's energy efficiency and climate change experts has been instrumental in the development of the Green TFP. The EBRD now looks to further develop the Green TFP through innovations in the area of automation and digitalisation.
Since 2016, Green TFP has supported almost 900 foreign trade transactions involving trade in higher-performance technologies and materials with a total volume of
The EBRD's TFP, launched in 1999, aims to promote foreign trade to, from and among the countries in which the EBRD invests. Through the programme, the EBRD provides guarantees to international confirming banks and short-term loans to selected banks and factoring companies for on-lending to local exporters, importers and distributors. The EBRD's TFP currently includes more than 120 partner banks in 30 economies where the EBRD invests, and more than 800 confirming banks worldwide.
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