Following the ADB report released last week, Sinan Ozcan, the Senior Executive Officer of DP World Financial Services, has provided valuable insights into the implications of the widening trade finance gap:
“In the wake of the widening trade finance gap, now more than ever, it is critical that SMEs are given a credit lifeline to be able to trade. Without this, we not only risk broadening the trade finance gap even further than it is already, but we risk severing the growth opportunities of SMEs and stagnating the growth of economies – given that SMEs are the backbone of global trade.
