Supply-chain finance is crucial for enabling global trade but remains inaccessible to many small businesses in developing economies, impeding their growth and participation in international commerce, contend Ngozi Okonjo-Iweala and Makhtar Diop in an article published by Project Syndicate October 23.
Despite the global value of supply-chain finance reaching $2.3 trillion, “most businesses in developing countries remain on the sidelines,” hindered by weak legal frameworks, high costs, and limited infrastructure.
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