SMEs face huge trade finance gap: ADB

AN ADB survey finds that 57% of trade finance requests by SMEs are rejected, compared with only 10% for multinational companies . . .

THE Asian Development Bank (ADB) has identified a gap of US$1.5 trillion in trade finance in the global market in 2016.

In its Trade Finance Gaps, Growth and Jobs Survey, the Manila-based multilateral institution found that the funding gap affected — and continues to affect — SMEs most.