Sri Lanka is an excellent example of how it makes good economic sense for the public sector to drive private sector development in Asia and the Pacific.
The buyer-centric approach is making waves as a viable way for banks to facilitate more access to credit for SMEs in Asia and the Pacific.
ADB’s Trade Finance Program is helping local businesses in the Pacific get the support they need to conduct overseas trade.
To attract the private sector, it needs to be given a fair chance of competing for PPPs and turning enough of a profit to recover their investment in the People’s Republic of China.
We need to better explain and implement free trade agreements, support other fast-growing emerging markets, keep closing trade financing gaps, and embrace new technologies to bring in more players.
Public open trading windows, smart contracts, or government-issued e-currency are just a few examples of how digitization is changing how people trade.
Digital solutions can help fill in the trade finance gap for SMEs in Asia and the Pacific.
Discussions this week in Frankfurt won’t solve the problems of Asia’s financing gaps, but they can go a long way toward making sure that available funds are used more productively, inclusively, and sustainably.
With over 2 billion consumers spread across developing Asia, the opportunities are limitless for financial institutions to develop innovative solutions that can serve this underserved market.
It’s not just about businesses directly involved in sustainability, but how existing MSMEs can adapt their businesses to support sustainable solutions in Asia.