Angola’s finance ministry and Standard Chartered have closed a €1.29bn deal backed by Germany’s export credit agency (ECA) to finance the construction of photovoltaic electricity distribution infrastructure. The transaction, which is the latest of several the bank has led for the Southern African country, will support an electrification project that is being developed by the ...| Global Trade Review (GTR)
The UK has joined a growing list of countries using their export credit agencies (ECAs) to gain an advantage in the global tussle over the supply of critical minerals. UK chancellor Rachel Reeves announced on October 30 that companies supplying critical minerals to UK exporters will be eligible to apply for a special credit guarantee ...| Global Trade Review (GTR)
Export credit agencies and commercial trade credit insurers have celebrated an “exceptional” year for some key product lines, but are also experiencing a sharp rise in claims from customers, newly released data shows. New short-term trade credit insurance business rose 6% year-on-year to US$2.8tn in 2023, while medium and long-term (MLT) business shot up by…| Global Trade Review (GTR)