TTP Liquidity Brief | Issue 59 - AI prompts and age-old trade questions

From media training in London to the future of digital trade, here's what mattered this week.

🌟 A note from the Deputy Editor

Last week, we swapped conference stages for the classroom.

The TTP team was delighted to host members of the ITFA Emerging Leaders Committee at our London offices for an ITFA half-day workshop focused on AI prompting and media training. As AI tools become a bigger part of everyday working life, understanding how to ask better questions and tell compelling stories is becoming an important skill for the modern workforce. 

That focus on technology, trust, and adoption runs through much of this week's newsletter.

Our slow read tackles one of digital trade's oldest questions: what needs to come first? Do businesses need legal frameworks and infrastructure before they digitise, or does widespread adoption create the momentum needed for change? As always, the answer is a little more complicated than it first appears.

Elsewhere, we've covered everything from sustainability and SME financing to the role of trust in digital trade and the growing importance of data transparency across the industry. We also explored what it takes to build the next generation of fintech firms and released new multimedia content looking at how trade finance is evolving across Africa.

As always, there's plenty to read, watch, and listen to.

Until next time — keep asking good questions.

— The TTP Editorial Team

Country of the Week: Mauritania

Did you know that Mauritania once sat at the crossroads of major trans-Saharan trade routes? For centuries, merchants transported salt, gold, textiles, and other goods across the desert by camel caravan, linking West Africa with North Africa and the Mediterranean world.

Mauritania trade stats (2024):

Total exports: $4.76B

Total Imports: $5.62B

Largest export destination: China ($1.35B)

Largest import partner: China ($1.06B)

Largest Export: Gold ($1.62B)

Largest Import: Refined Petroleum ($1.14B)

Source: OEC

Slow Read

The chicken, the egg, and the digitisation of trade

By: Carter Hoffman, TTP

So, what came first, the chicken or the egg?

It is a question that goes back at least as far as the ancient Greeks, and one that gets debated far more seriously than it probably deserves. In a way, it is timeless.

But one of the reasons it has endured and evokes wonder among philosophers and stoners alike is that what it is describing is a loop. One thing seems to depend on the other, while the other also seems to depend on the first. The loop it creates is one that can make sense only once the system is in motion. But what came first? With each relying on the other, how does the loop start? 

Digital trade has its own version of that problem, and the result is a system that is still, in 2026, far more paper-dependent than it should be.

Trade digest

Treasury, payment and global banking digest

Topic of the week: Liquidity Management

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#TTPNews | World Bank Group expands Global Trade Liquidity Program with New MIGA-IFC Guarantee Framework

The World Bank Group has introduced a new framework integrating guarantees from the Multilateral Investment Guarantee Agency (MIGA) to cover state-owned banks under the IFC - International Finance Corporation’s Global Trade Liquidity Program (GTLP).

This initiative would broaden the scope of trade finance support in low- and middle-income countries by including state-owned banks alongside private sector institutions, thereby addressing critical gaps in global trade finance.

Makhtar Diop, IFC Managing Director, said, “Small and medium-sized enterprises are the backbone of job creation in emerging markets, but many still face severe constraints in accessing trade and supply chain finance.

Tsutomu Yamamoto, MIGA Managing Director, added, “Facilitating the flow of trade, particularly during times of global instability, is essential to protecting economic resilience, livelihoods, and jobs in developing countries, which makes this collaboration to expand the suite of guarantees offered under the GTLP to strengthen the program so critical.”

Sir Danny Alexander, CEO of Infrastructure Finance & Sustainability at HSBC, added, “Trade is a powerful driver of sustainable growth. This new MIGA-IFC framework under the Global Trade Liquidity Program is a practical step to help narrow the trade finance gap by enabling more risk-sharing with eligible state-owned banks.”

Reports Devanshee Dave, from Trade Treasury Payments (TTP)

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