1、Trade finance in the Mekong regionA study of Cambodia,the Lao Peoples Democratic Republic and Viet NamAbout the IFCThe International Finance Corporation a member of the World Bank Group is the largest global development institution focused on the private sector in emerging markets.It works in more t

2、han 100 countries,using its capital,expertise and influence to create markets and opportunities in developing countries.About the WTOThe World Trade Organization is the international body dealing with the global rules of trade between nations.Its main function is to ensure that trade flows as smooth

3、ly,predictably and freely as possible,with a level playing field for all its members.Cover:A worker tests electronic components at a factory in the Bac Ninh Province,Viet Nam.Foreword3Acknowledgements4Executive summary51.Trade profiles of the Mekong-38Trade dynamics in the Mekong-310The two-speed gr

4、owth of trade10Product diversification16Trade of goods at different stages of processing20Competitiveness and trade costs24Participation in global value chains272.Trade finance in the Mekong-332Local trade finance markets34Trade finance instruments35Trade finance across sectors39Trade finance for fi

5、rms owned or led by women40Trade finance for climate-related activities41Trade finance constraints43Supply chain finance and reverse factoring44Trade finance rejection rates44Correspondent banking relationships49Trade finance prices493.The impact of closing the trade finance gap52The costs of financ

6、ing international trade under different instruments54Five counterfactual scenarios55Projected trade cost reductions55Projected changes in aggregate exports and imports58Zooming in on trade patterns:detailed results for sectors and trading partners60Robustness checks60Conclusions64Annex I.Mekong-3 tr