Asian Development Bank Trade Finance Survey: Major Findings
Collections
Author
Beck, Steven
Shinozaki, Shigehiro
Ferino, Maria Isabel
Zhang, Qifeng
Mangampat, Elnora
Abstract
Key Points: • A gap in trade finance is represented by unmet demand for lending and guarantees to support $1.6 trillion in trade, $425 billion of which is in developing Asia. • Availability of trade finance impacts economic growth and job creation. • According to the findings of the survey, an increase of 5% in availability of trade finance could result in an increase of 2% in production and 2% more jobs. • Trade finance programs of multilateral development banks help fill trade finance gaps, both globally and in Asian developing economies.
Date Issued
2013-03-01
Keywords
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Type
article
