Asian Development Bank: $2 Trillion Financing Gap Is Holding Back Trade

A “huge financing gap,” estimated at $2 trillion globally, is holding back international trade.

Steven Beck, head of trade and supply chain finance program at the Asian Development Bank (ADB), told ANC that figure is up from $1.7 trillion years ago.

Small and medium-sized businesses (SMBs), especially those led by women, have been most impacted, with these underserved businesses being held back from optimizing their place in trade, job creation and development, Beck said, according to the report.