The African Development Bank recently released the report "Trade Finance in Africa"
Trade
finance is essential for International trade, but despite this
importance the understanding of the trade finance in Africa is under
explored because of the data scarsity, in particular data concerning the
size of the market, the variations across sub-regions, the scale of
financing gap,
the trade finance devoted to intra-African trade, the
constraints faced by banks.
To fill this information gap the African Development Bank recently released “Trade Finance in Africa”,
a report based on a survey of the trade finance activities performed
by commercial banks between 2011 and 2012, in particular the survey
covered about 276 banks across 45 African countries on their trade
finance activities.
The report shows a positive outlook for trade finance in
Africa. Most commercial banks are active in trade finance, with 72%
expecting to increase their trade finance activities in the immediate
future. However, banks foresee obstacles to their trade finance
portfolio and it exists a significant role for governments and
development finance istitucions (DFIs), in particular trade facilitation
programs addressing USD liquidity.
Read the whole report hereSource: INSME
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