2019 Trade Finance Gaps, Growth, and Jobs Survey
This year’s survey found that the global trade finance gap remains at around $1.5 trillion, nearly 60% of respondents expect the gap to increase over the next 2 years. Another key finding was that women-owned firms face greater challenges accessing trade finance than do men-owned firms. Meanwhile, small and medium-sized enterprises (SMEs) also face considerable barriers with more than 40% of SME trade finance applications rejected by banks. However there is growing optimism that fintech and digitization are potential solutions to bridge the trade finance gap, particularly for SMEs.
Also in this Series
- Forging Economic Resilience in the People’s Republic of China Through Value Chain Upgrading and Economic Rebalancing
- Financing Long-Term Care in Asia and the Pacific
- Surface Water Resources Assessment of the Tonle Sap and Mekong Delta River Basin Groups: Improving Climate Resilience, Productivity, and Sustainability