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2017 Trade Finance Gaps, Growth and Jobs Survey

Author
Di Caprio, Alisa; Kim, Kijin; Beck, Steven
Abstract
Key Points • The global trade finance gap is estimated at $1.5 trillion. • 40% of the gap originates in Asia and the Pacific. • 74% of rejected trade finance transactions come from SMEs and midcap firms. • Female-owned firms report higher rejection rates, and are less likely to find alternatives in the formal financial sector. • At least 36% of rejected trade finance may be fundable by other financial institutions. • A 10% increase in trade finance could boost employment by 1%. • 80% of banks report digitization will cut costs, yet no evidence that savings translate to tional trade finance apacity.
Date Issued
2017-09-01Subject
Asian Development Bank; trade finance gaps; growth; jobs; employment
Rights
Required Publisher Statement: © Asian Development Back. Available at ADB’s Open Access Repository under a Creative Commons Attribution license (CC BY 3.0 IGO).
Type
article
Except where otherwise noted, this item's license is described as Required Publisher Statement: © Asian Development Back. Available at ADB’s Open Access Repository under a Creative Commons Attribution license (CC BY 3.0 IGO).