Economic research and trade policy analysis
Estimating Total Trade Finance Assets: Methodology
Source:
Trade finance in West Africa
Oct 2022
Chapter
In order to estimate the total value of trade finance in a country, we have considered two alternative methodologies. One has been developed by the African Development Bank for its continental trade finance study. The other was developed by us and uses the relationship between the assets of banks in the country, based on central bank statistics, and trade finance assets identified in the survey.
ECOWAS4 Trade and Global Value Chain Performance
Source:
Trade finance in West Africa
Oct 2022
Chapter
This annex includes additional exhibits on the four countries’ change in export market shares, their export penetration and global value chain participation. These illustrations complement evidence discussed in Chapter 1.
Acknowledgments
Source:
Trade finance in West Africa
Oct 2022
Chapter
This report was prepared under the guidance of Susan Lund, Vice President of Economics at IFC, and Anabel Gonzalez, Deputy Director-General at the WTO. Marc Auboin (WTO) and Denis Medvedev (IFC) provided leadership for the research and Eddy Bekkers (WTO), Alexei Timofti (WTO), Alexandros Ragoussis (IFC), and Susan Starnes (IFC) managed the project team. Working team members included Karlygash Dairabayeva, Leo N. Holtz, Serhii Kostohryz, Read More
Framework for Counterfactual Experiments on Trade Finance Costs
Source:
Trade finance in West Africa
Oct 2022
Chapter
The costs of financing international trade are an important component of total trade costs. This annex contains a description of the determination of financing costs based on the survey and data in the literature and the calculation of counterfactual financing costs. Furthermore, details of the employed WTO Global Trade Model are provided.
Executive Summary
Source:
Trade finance in West Africa
Oct 2022
Chapter
Trade is an important component of economic activity in Africa, equivalent to around 50 percent of the continent’s gross domestic product (GDP), according to the World Bank. The four largest economies of the Economic Community of West African States, namely Côte d’Ivoire, Ghana, Nigeria, and Senegal—which we refer to as the ECOWAS4—traded $208 billion in goods and services during 2021, representing between 25 percent and 63 percent of GDP.
Robustness Checks
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Trade finance in West Africa
Oct 2022
Chapter
A range of robustness checks was conducted to confirm the validity of our analysis. The construction of baseline trade finance costs is based on a careful analysis of the available data, as presented in Annex 3 describing the conceptual framework for the counterfactual experiments. However, two assumptions had to be included with little guidance in the actual data. Therefore, robustness checks are included on these two assumptions.
Conclusions
Source:
Trade finance in West Africa
Oct 2022
Chapter
Côte d’Ivoire, Ghana, Nigeria, and Senegal—the ECOWAS4—are making progress in integrating their economies internationally through trade. The number of firms participating in international markets is growing, and exporters are becoming more competitive, expanding into new products, and reaching new destinations. Potential regional integration associated with the AfCFTA will further support these positive trends and create new opportunities to le Read More
Recomendaciones
Mar 2023
Chapter
En esta sección se formula un conjunto de recomendaciones relativas a la introducción y la intensificación del uso de tecnologías por parte de las aduanas. Estas recomendaciones fueron hechas por las administraciones de aduanas, el sector privado y el mundo académico en debates celebrados en diferentes ocasiones en los últimos cuatro años, como el período de sesiones de octubre de 2017 del Comité Técnico Permanente, el diálogo anual celebrado Read More
Conclusion
Mar 2023
Chapter
Les constatations du Rapport d’étude et les cas pratiques fournis dans l’Annexe témoignent d’un grand intérêt et d’un niveau d’activité soutenu au sein des administrations des douanes pour tester et mettre en oeuvre ces trois groupes de technologies en particulier. Plus de la moitié des membres ayant répondu à l’Enquête annuelle consolidée 2021 de l’OMD utilisent déjà l’IdO, l’IA et l’apprentissage automatique, tandis que deux membres seulement déplo Read More
Antecedentes
Mar 2023
Chapter
Sobre la base de la propuesta presentada por los delegados del Comité Técnico Permanente (PTC) de la OMA, el debate en torno al tema del Futuro de las Aduanas se inició en el 207º/208º período de sesiones del PTC celebrado en marzo de 2015. La idea surgió en el marco de los debates sobre la función del PTC, en los que se acordó que el Comité examinaría de manera más activa cuestiones estratégicas y temas orientados al futuro.
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