Tag:

Asian Development Bank

Addressing the Trade Finance Gap

Trade finance fuels trade; if firms are unable to access it, this can have significant consequences for business development and global commerce. The current US$1.5 trillion gap between the demand for and supply of trade finance is undeniably a substantial barrier to economic growth. A recent BNY Mellon survey canvassed industry participants to discover what steps they think should be taken to close the gap, and the results point to two potential sources of relief: technology and regulatory revision.

June 10, 2019

Finance

ADB Launches Scorecard on Money Laundering and Terrorist Financing

Money laundering and terrorism financing are serious issues that banks must address, especially as too many financial institutions are complicit in enabling the flow of unlawful funds. Unfortunately, the need to act decisively has also resulted in a disabling tightening of trade finance, sorely needed for economic growth. The new Asian Development Bank Scorecard seeks to ameliorate the inadvertent consequences of AML and CFT compliance.

December 10, 2018

Finance

Bhutan: The World’s Fastest-Growing Economy

When considering the world’s fastest-growing economies, the usual suspects of China and India invariably crop up in most discussions. Of course, this is to be expected given that, despite its recent slowdown, China’s GDP (gross domestic product) still grew by 6.7 percent in 2016

July 31, 2017

Finance

The Growing Need for Infrastructure Investment

Across the world, governments are increasingly acknowledging the need to raise the levels of investment in infrastructure projects within their respective countries.

January 16, 2017

Finance

Addressing the Global Shortage of Trade Finance

Global trade growth depends on trade finance, which is not meeting demand. Regulatory compliance, protectionism, costs and complexities of technology have restricted banks’ willingness to provide trade finance. Measures such as collaboration, innovation, improved attitudes are a must if this fuel for the global trade engine is to be adequately supplied.

December 15, 2016

Finance

Are Expectations for Global Trade Growth to Return to “Normal” Realistic?

Human beings tend to believe that after hitting a bump in the road, their route will eventually go back to “normal”. But when it comes to global economic and trade growth, this assumption may lead to a complacency that ultimately allows conditions to deteriorate to levels that everyone dreads.

October 3, 2016