When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…
Digital trade is transforming global commerce, lowering transaction costs, connecting businesses across borders and expanding access to new markets. Yet, Africa's participation in this digital revolution remains disproportionately low.
The African…