International trade financing is dominated by:

Question

Quizplus · Accepted Answer

Commercial bank syndicates, comprising a group of international banks, are the primary source of international trade financing. These banks offer a range of trade finance instruments such as letters of credit, bank guarantees, and export credit insurance. While other organizations such as the World Bank and the IMF also play a role in promoting international trade, they do not dominate international trade financing. Private export-import agencies and the U.S. Agency for International Development may also support international trade, but they are not as prominent in providing trade financing as commercial bank syndicates.

International Trade Financing Is Dominated By