This study gives an overview of recent innovations in the financing of small and medium-sized enterprises (SMEs) in Asia. While SMEs are an important contributor to employment and gross domestic product in Asia, they often face significant credit constraints. Recently, in the context of Asia's...

This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country...

Trade financing inadvertently falls short to the needs of even the viable transactions from smaller firms, unmet demand expected to reach around $2.4 trillion by 2025 if effective solutions are not in place. In 2018, 57 percent of trade finance applications from firms in Central Asia Regional...