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Lack of trade finance slowing global growth: ADB

Jump in cost of funding accelerates in H2 2014; compliance measures play big part

With the Trans-Pacific Partnership and Asean Economic Community taking shape over the next few years, demand for trade finance could rise, the ADB says.


INCREASINGLY cautious banks are shying away from financing trade in emerging markets, a trend which is contributing to the sharp slowdown in the growth of world trade, which is dragging down global economic growth, the Asian Development Bank (ADB) has said.

In a report