Oxford University and the IMF establish a tool to track maritime trade

The goal of PortWatch is to offer useful, data-driven insights on how shocks like natural disasters and extreme weather affect supply chains and trade. The "PortWatch" platform was launched by the University of Oxford and the International Monetary Fund (IMF) to track and model trade interruptions to marine trade brought on by shocks and harsh weather.This is in line with an IMF statement, a copy of which the News Agency of Nigeria (NAN) in Abuja was able to secure on Wednesday. According to the statement, the platform assisted the public and policymakers in evaluating the implications of past, present, and potential trade shocks in the impacted nations as well as the effects of spillovers internationally.