The Impact of the Crisis on Trade Credit

The range of impacts of the global financial crisis on developing countries is only now becoming evident. One impact which is receiving increasing attention is the drying up of trade finance.

The study examines whether or not exporters in sub-Saharan Africa are facing a decline in trade credit. It does this through telephone interviews with 30 exporters in two sectors, horticulture and garments, complemented by key informant interviews. This work was carried out with the support of the Institute for Development Studies, University of Nairobi and Biospartners in the UK.

Key contacts

John Humphrey

Professorial Fellow

Project details

start date
1 December 2008
end date
31 March 2009


About this project

Recent work


Trade Credit


Accessing trade finance is not the most serious problem for established horticulture and garment exporters in sub-Saharan Africa – exchange rate fluctuations and falling demand are more important.

1 January 2009