Search results for: Finance
Brian Sturgess, World Economics, June 2019
Over 80% of international trade is financed by some form of credit, but the size of the trade finance market has received little attention by economists. It has been estimated that there is currently a world trade finance gap of around US$1.5 trillion acting as a drag on international trade and GDP growth. Survey-based estimates of traditional trade finance provided by banks at US$4.6 trillion in 2017 are highly inconsistent and are based on flawed data and opaque methodologies. The problem of collecting reliable data needed to promote trade growth and to monitor financial stability is being exacerbated as the trade finance sector is undergoing rapid structural change.
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