According to the International Chamber of Commerce (ICC), around $5 trillion of trade credit will be required to facilitate a rapid recovery from the Covid-19 crisis.
Despite welcoming the actions taken during the initial phase of the crisis, the ICC says there is still a strong case for state intervention.
Christoph Gugelmann, chief executive at Tradeteq – which has called for a greater distribution of trade finance assets to non-bank investors – agrees that governments have to play their part in supporting banks to extend trade finance.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
