The Asian Development Bank (ADB) surveyed more than 110 lenders to gather data on the supply of trade finance globally. The survey found that the shortfall remains steady at US$2.5tn.
The global trade finance gap is the “chasm between the supply of trade finance from banks and other financial institutions and demand from companies that need financial products to support their trading activity”. According to preliminary results SMEs are finding it slightly easier to access trade finance as compared to 2023.
ABD will publish their full report in the coming weeks but you can read the initial details here.
