Supporting trade finance for trade expansion and diversification in West Africa B250

Marc Auboin
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Marc Auboin: Organisation mondiale du commerce

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Abstract: A joint study by the WTO and IFC established that the low share of trade supported by trade finance (25%) in the four largest economies of West Africa (Nigeria, Côte d'Ivoire, Ghana and Senegal) was a major constraint in further expanding and diversifying trade flows and trade integration. Raising trade finance use in the region to the African average of 40% of trade flows, would result in an increase in the region's trade flows of 8% annually, 80% in ten years.

Date: 2023-06-12
New Economics Papers: this item is included in nep-int
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Published in FERDI Notes brèves / Policy briefs, 2023

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