International Trade Transaction Solution

Revolut chief Nik Storonsky sued by broker over €350mn superyacht Cecil Wright alleges billionaire went ‘behind its back’ to avoid paying €17.5mn commission on luxury vessel

Did you know that every year since 1987 the World Bank Group has published the Country Income Classifications? On July 1 of each year, the Development Data Group — the World Bank Group’s development data hub — updates the classifications according to gross national income (GNI) per capita estimates from the previous calendar year, placing the economies assessed into four income groups: low, lower-middle, upper-middle, and high.

In this year's edition, 218 economies were assessed – six moved into a higher income category, and none moved down. The numbers only tell part of the story. Behind each transition lies a different journey: A country emerging from an economic crisis, an export powerhouse outpacing its peers, an economy that turned out to be 10% larger than previously thought.

The classifications matter because they are a key tool to assess eligibility for concessional financing and development assistance. Read our blog to find out more about the countries changing categories. https://bit.ly/4wslFnk

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Overbanked and underfunded: Where the next decade of trade finance growth will come from Joshua Kroeker, CEO of Mitigram, argues that unlocking the next phase of growth will require a move beyond digitisation toward managed, data-driven service models that can finally bridge the trade finance gap.

How to Get Started
Choose Your Marketplace:
Sellers can register directly as an international merchant on Amazon (or platforms like eBay and Alibaba).

Register Your Business:
Set up your seller account by providing required business documents, your National ID (NID), and valid bank details.

Connect with an Authorized Dealer Bank:
Visit a local commercial bank (e.g., BRAC, EBL, or Standard Chartered) to set up your cross-border transaction processes and link your marketplace agreement to receive export payments.

Logistics and Shipping
Arrange for international shipping (such as DHL, FedEx, or Amazon FBA) to send your products from Chattogram or Dhaka to international warehouses or directly to global consumers.

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trade-finance-guide-2026 This is a jointly produced guide between the International Trade & ForfaitingAssociation (ITFA) and Trade &Treasury Payments (TTP)