DP World Trade Finance and J.P. Morgan have partnered to expand access to working capital in emerging markets, where supply chain disruptions and limited credit constrain trade.
With a global trade finance gap of $2.5 trillion, many businesses struggle to secure affordable credit due to limited credit data.
This partnership aims to close that gap by sharing risk on trade finance transactions.
Their first deal supported a major global food company in sourcing cocoa from the Ivory Coast, unlocking over $70 million in annual procurement and delivering significant value to the local economy.
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Raj Jit Singh Wallia, Board Member, DP World Trade Finance, said: “By leveraging risk-sharing mechanisms and combining them with logistics in one ecosystem, we reduce the overall credit risk profile and enhance liquidity in emerging markets.”
“This is one of many transactions stemming from our collaboration with J.P. Morgan. As regions like Central Asia and Sub-Saharan Africa continue to grow, we anticipate our work with J.P. Morgan will continue expanding into new markets.”
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James Fraser, Global Head of Trade & Working Capital at J.P. Morgan stated: “Our collaboration with DP World Trade Finance allows us to offer innovative financing solutions that provide working capital to businesses while mitigating risk through DP World’s expertise.
“Looking ahead, we are excited to work together to explore and broaden access to structured trade finance in pivotal markets through innovative financial frameworks.”
