ICC publishes report on improving the global trade finance ecosystem

Article summary

The International Chamber of Commerce (ICC) has published a report, ‘Reconceiving the global trade finance ecosystem’, in collaborative efforts with Fung Business Intelligence and supported by McKinsey & Company. It is based on a year-long effort by ICC's Advisory Group on Trade Finance to raise awareness and address the challenges facing micro, small and medium-sized enterprises (MSMEs), in accessing the trade finance necessary to support their growth as well as global recovery. The report is based on over 150 interviews with end-users and subject matter experts in 12 countries, and an ideation and review process covering leaders from trade, finance and technology.