Economics
Developing Asia’s Trade Financing Gap Threatens Growth, ADB Says
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Companies in developing Asia face difficulties getting loans and guarantees for trade transactions, hindering job creation and economic growth, according to the Asian Development Bank.
A survey of companies and banks by the lender last quarter showed that about $425 billion of requests for financing for import and exports transactions in developing Asia were rejected in 2011. Globally, $1.6 trillion of proposed trade finance wasn’t met, the report showed.