IMF, World Bank, United Nations and others join Project Insight
The Bank for International Settlements has launched its latest regulatory tech and supervisory tech project, mapping global value chains (GVCs) in conjunction with several other global institutions.
“Recent shocks to global supply chains laid bare just how little we know about firm-level GVC relationships,” the BIS said on July 9.
After Covid-19 triggered stress in supply chains, “the disruptions spread through complex firm interconnections that are not evident in the aggregate data”. GVCs are
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