The European Bank for Reconstruction and Development (EBRD)’s Trade Facilitation Programme (TFP) is working to accelerate the digital transition in trade finance and correspondent banking of partner banks in the EBRD’s countries of operations.

Trade finance operations across the EBRD regions are still very much paper-based, whilst global banks are making the shift to digitalise their trade finance business. At the same time, many smaller partner banks, particularly those in Early Transition Countries, find it increasingly difficult to retain correspondent banking relationships with global banks. To bridge these gaps the EBRD is fostering the digital transition of partner banks through policy dialogue activities, awareness and capacity building activities.