Our partner Trade Finance Global launched the Global Executive Forum Series, in a joint collaboration with the SME Finance Forum, with the first B20 / Business at OECD - OCDE Interview with Gianluca Riccio, CFA, Vice-Chair Finance Committee, Business at OECD.
The COVID-19 pandemic has highlighted the world’s considerable dependence on Global Value Chains (GVCs). The Business 20 (B20), official voice of the global business community across G20 members, and Business at OECD recently published[1] a joint conceptual policy proposal that focuses on reducing barriers that firms in general and SMEs in particular encounter in their quest to participate in GVCs, as cross-border fragmentation and friction continue to impede the free flow of people, capital, goods and services.
The policy paper titled “GVC Passport on financial compliance, a pragmatic concept to strengthen inclusive and sustainable growth” calls on G20 nations to work towards a system envisioning a significant reduction in bureaucracy, while increasing transparency and traceability, as well as facilitate firms’ access to wider markets. This work has been led by Gianluca Riccio.
Read the whole interview here>
