Steven Beck, the Head of ADB’s Trade and Supply Chain Finance Program, answers questions about the trade finance gap in Asia and around the world, based on ADB’s Trade Finance Gaps, Growth, and Jobs Survey.
The inclusion of an Argentine bank in ADB's Trade Finance Program is an important step toward realizing the potential for trade between Asia and Latin America.
There’s one big element missing before we can create a truly transparent, seamless and open international trading framework.
Digital solutions can help fill in the trade finance gap for SMEs in Asia and the Pacific.
We need to protect the financial system from terrorism and money laundering. But the people of the Pacific should not pay the heaviest price.
We need to know more about who is involved and what is going on at all points in the supply chain process. Digitalization is key to helping us achieve this level of transparency.
While not a panacea, more access to trade finance can be part of the solution to foreign currency shortages in Papua New Guinea.
Cold storage allows Mongolian farmers to meet long-term demand during the dzud.
Trade finance loans help Pacific businesses address the region’s trade imbalance through exports.
While trade and finance are changing dramatically, trade finance is shifting more slowly. What does this mean for SMEs?