The G20 is considering a proposal by the World Bank to set up a $10 billion fund to support trade finance.
Current estimates suggest that the trade finance market is $100 billion short of demand levels, an increase from an estimate $25 billion in Nov. 2008.
The World Bank-led initiative is to create a $10 billion fund, which could provide as much $50 billion to the trade market in a year.
An agreement is likely to be announced at the G20 summit in London on April 2.
The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together "important industrialized and developing economies to discuss key issues in the global economy." The mission is that by contributing to the strengthening of the international financial architecture and providing opportunities for dialogue about international financial institutions, the G-20 helps to support development across the globe.
The inaugural meeting of the G-20 took place in Berlin, on Dec.1999, hosted by German and Canadian finance ministers.
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