Fixing Global Trade Finance
The smaller the business, the more difficult it is to navigate the complexity, fragmentation, and opacity of today's trade-finance system. But more digital interconnection would greatly benefit micro, small, and medium-size enterprises and hence the global economy, too.
PARIS – Goods and services move around the world via critical infrastructure: roads, ports, rail networks, shipping routes, and data servers. The $5.2 trillion global trade finance ecosystem that facilitates these flows is just as essential. Unfortunately, it does not always work as well as it could.