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Journal number 3 ∘ Natia Jibladze
The Challenges of International Trade Financing after the Global Financial-Economic Crisis

The global economic crisis of the 21th century is one more clear example what a scale of negative impacts are caused by the late or inadequate estimation of economic events or trends and the negative results no longer leave any leverage for the crisis-hit countries to lift up and find an effective ways to minimize the adverse consequences of the crisis.

In spite of that the international trade financing is considered to be the low-risk and high-secured lending area, the global crisis has significantly damaged international trade. Due to the actuality of the issue, world scientific society, governments, local and international institutions are actively involved in the search of ways for crisis prevention. In this regard, it is important to look for and take into consideration the challenges of the international trade finance.

The work is dedicated to the challenges of international trade finance after the global financial-economic crisis. Peculiarities of modern financial-economic crisis, the role of trade finance for developing international trade and the challenges revealed based on the analysis of the impacts of global crisis on international trade finance are represented in the following work. Furthermore, the question is analyzed on the basis of scientific papers and the reports of international organizations. The problems of international trade finance are identifi ed and author’s points of views about prevention of these problems are expressed in the work.

Keywords: The Global Financial-Economic Crisis; Financing of International Trade; Financing of Export; Guarantees.

JEL Codes: F14, F16, F40