US EditionOpen account trade dominates in Central America, but finance opportunities await
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Open account trade dominates in Central America, but finance opportunities await
Expanding access to trade finance, including supply chain finance, in Guatemala, Honduras and Mexico could unlock over US$90bn in additional trade annually, according to a report by the World Trade Organization (WTO) and the International Finance Corporation (IFC). Currently, bank-intermediated trade finance plays only a limited role in the region, accounting for less than 15% of total merchandise trade across the three countries. Reducing costs…
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