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Emerging market (EM) manufacturers were facing difficulties even before the coronavirus pandemic decimated international demand for many of their products.
The Asian Development Bank estimated that $1.5 trillion of requested trade finance was rejected last year – a figure that could rise to $2.5 trillion by 2025, according to the World Economic Forum (WEF).
In mid-May, Stenn closed a new $200 million financing facility to provide liquidity and cash-flow management to global companies affected by the coronavirus pandemic.
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