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The Trade-Finance Gap Is Holding Back Developing Economies

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It is no secret that countries that have achieved sustained high growth and major reductions in poverty in recent decades owe much of their success to international trade. But access to trade finance is highly uneven across countries and businesses, and getting more of it to those who need it will require three key changes.

GENEVA/WASHINGTON, DC – The world economy is losing steam. With forecasts for both output and trade well below the long-term average, reviving growth has become a top priority for policymakers everywhere. One underappreciated tool at their disposal is trade finance.

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