Leveraging Fintech for Central Asia’s Trade Financing Needs: Supporting Underserved Micro, Small, and Medium-Sized Enterprises
Publication | November 2021
This brief explores the wider adoption of financial technology (fintech) to narrow the trade finance gap for micro, small, and medium-sized enterprises in member countries of the Central Asia Regional Cooperation (CAREC).
Financial sector development in many CAREC countries remains constrained, which impedes overall financial inclusion and adequate trade finance among micro, small, and medium-sized enterprises. The brief emphasizes the need for policy actions on fintech adoption that are grounded on efficient financial structures, effective regulatory frameworks, and digitalization capabilities to advance inclusive trade and finance.