The current global shortfall in trade finance is running at about $100 billion, a senior trade source said on Wednesday.

The source was speaking after a meeting of experts from commercial banks, international financial institutions and  export-credit agencies, hosted by the World Trade Organisation (WTO).

A previous meeting of experts in November had estimated the shortfall in trade finance, essential for keeping the $13-14 trillion of world trade moving, at $25 billion.

The source said the $100 billion shortfall should be put in the context of total trade finance volumes of about $10 trillion. -Reuters