In a modern economy, trade-related financial flows are essential to competitiveness. These flows are facilitated by strong banking sectors and flexible where these is adequate access to credit and foreign exchange. Poor access to credit for domestic-owned traders impedes start-ups and stifles expansion by the countries producers. Burdensome foreign exchange requirements drive up the costs of doing business and ward off foreign investors.
The CLIR Flows of Money section analyzes legal, institutional and operational issues regarding trade-related finance and recommend ways to minimize those constraints. This analysis focuses on legal framework for the trade-related institutions, the banks, currency exchange providers and central bank. It also considers the operational and institutional issues regarding trade-finance management and operations, and reviews other institutions involved in trade-finance facilitation and their role in trade facilitation.
