How the Pan-African Payment and Settlement System can enable Cross-border trade in Africa
Introduction The Pan-African Payment and Settlement System (PAPSS) is a cross-border, financial market infrastructure enabling payment transactions across Africa. PAPSS seeks to address some gaps in cross-border trade. In effect, payment for transactions across Africa will be enhanced in the following ways: Pan-African payments – Leading-edge technology connecting African banks, […]
Regional Trade Trends: Africa and East Asia-Pacific
In East Asia and the Pacific, trade liberalization has played an important role in driving regional trade. The Association of Southeast Asian Nations (ASEAN) was formed in 1967 to spur economic and social development within Southeast Asia. Over time, the ASEAN bloc reduced customs duties on products traded regionally and […]