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Business EconomyPosted at: Feb 21 2018 7:39PM


Role of MDBs, ECAs and DFIs will be crucial in bridging trade finance gap: Exim Bank Study

New Delhi, Feb 21 (UNI) The role of Multilateral Development Banks (MDBs), Export Credit Agencies (ECAs) and national Development Finance Institutions (DFIs) will be crucial in bridging the trade finance gap, as also in catalysing private finance.
According to an Exim Bank’s Study entitled “Revitalising Trade Finance: Development Banks and Export Credit Agencies at the Vanguard” these institutions can expand the scope of existing collaborations in areas such as co-financing, insuring of loan exposures, and reinsurance of guarantee exposure.
The publication was released by Arun Jaitley, Minister of Finance and Corporate Affairs, during the Inaugural Session of the 41st Annual Meeting of the Association of Development Financing Institutions in Asia and the Pacific, held at New Delhi on Tuesday.
Exim Bank’s Study analyses the recent trends in trade finance, challenges pertaining to trade finance flows, and strategies which can be adopted to reduce the large deficit in global trade finance. Currently, the global trade finance gap is estimated at nearly 1.5 trillion dollar, with 40 percent of the gap existing in the Asia Pacific.
According to the Study, trade finance gaps in developing countries have exacerbated in the aftermath of Global Financial Crisis. This has emerged not just from the dearth of liquidity in the system, but also from the stringent regulations and compliances during this period.
The financial sector has responded to this by reducing exposure to firms and geographies which are small and have higher perceived risk. The response of Development Banks and Export Credit Agencies (ECAs) has been pivotal in restoring balance, and financing transactions which would otherwise not have been financed.
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