Trade finance in the Arab region: an overview
In order to support firms in the region to thrive in foreign markets, it is highly necessary to address all kinds of barriers hindering access to those markets. While some of the required work rests in the hands of firms, certain work is needed by other players including Governments. Trade finance is an issue that needs strong Government support and the active role of the financial sector, with an effort by the private sector itself to upgrade its ability to obtain debt financing. Innovation is essential in the development of trade finance. Modern technologies play an important role in bridging the gap between financers and borrowers and should be utilized to improve the situation in the Arab region.