2019 Trade Finance Gaps, Growth, and Jobs Survey
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This brief presents results from the 2019 ADB Trade Finance Gaps, Growth, and Jobs Survey, which quantifies global market gaps for trade finance and the impact on growth and jobs.
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.