Hosts
United Nations Conference on Trade and Development (UNCTAD)
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Channels
Government & Politics
Sustainable Development
Experience of Development Banks, Export-Import Banks and Export Credit Insurers in Developing Countries
International trade has shown signs of a strong recovery in the third quarter of 2021, yet the pace of growth remains uneven across countries and regions.
Trade flows continued to increase more strongly for developed economies in comparison to developing ones. One of the reasons for the delayed trade recovery in developing countries m the lack of sufficient and adequate provision of trade finance – export credit, export guarantee, and export/import insurance – for economic actors in developing countries.
A recent estimate by the International Chamber of Commerce suggests a global gap of around US$ 2.5 trillion to US$ 5trillion to adequately meet the demand for trade finance in the post-COVID recovery period up to 2025.
How significant is the lack of trade finance in developing countries and LDCs?
The session seeks to shed light on the specific situations of trade finance in these economies.
Hosts
United Nations Conference on Trade and Development (UNCTAD)