Asian Development Bank Trade Finance Survey: Major Findings
Beck, Steven; Shinozaki, Shigehiro; Ferino, Maria Isabel; Zhang, Qifeng; Mangampat, Elnora
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.
Asian Development Bank; trade finance; poverty reduction; economic growth
Required Publisher Statement: ADB encourages printing or copying information exclusively for personal and noncommercial use with proper acknowledgment of ADB.