SMEs hit hardest by $1.6 trillion global trade finance gap, says ADB

The growth of the trade finance gap in 2015 continues to be a drag on trade, and small- and medium-sized enterprises are the most affected, according to an Asian Development Bank (ADB) Brief released today.The report notes that the inability of financial institutions to provide $1.6 trillion in support to buyers and sellers of goods across countries resulted in forgone growth and job creation in 2015.