Banks still fail to fill yawning trade finance gap, ICC report warns
The unmet demand for trade finance services yawns widely reaching more than $1.6 trillion. The ICC concludes banks alone will not solve this desperate issue.
The majority of banks (61%) across the globe report demand for trade finance is far outstripping their ability to service these needs. The finding forms part of the International Chamber of Commerce (ICC) Banking Commission’s 2017 report: Rethinking Trade and Finance.
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