The Baltica 2 wind farm off the Polish coast has secured €1.4bn in commitments from three export credit and development institutions.| Global Trade Review (GTR)
The European Bank for Reconstruction and Development (EBRD) has established a €110mn guarantee facility aimed at boosting war risk insurance for cargo and transport companies in Ukraine. As part of the facility, launched alongside broker Aon today, the EBRD will seek to encourage international reinsurers to return to the Ukrainian market by covering their losses ...| Global Trade Review (GTR)
A group of development banks have pledged to expand the availability of supply chain finance (SCF) in emerging markets, and are calling on financial institutions to do more to support further growth. A communique issued by the World Trade Organization (WTO) and signed by six multilateral development banks says SCF is “essential for enabling emerging ...| Global Trade Review (GTR)
Western nations have agreed to collaborate on expanding export credit agency (ECA) backing and development finance for critical minerals, following concerns over lagging investment in long-term supply and over-reliance on China. The Minerals Security Partnership, a coalition of 14 countries including all G7 states, Australia, India and South Korea as well as the European Union, ...| Global Trade Review (GTR)
The International Energy Agency (IEA) says development finance support for clean energy must triple by the 2030s, accompanied by a huge mobilisation of private capital, in order to meet net-zero targets. National and multilateral development finance institutions (DFIs) play a “crucial role” in supporting energy transition investments, the agency says in a July report. “In ...| Global Trade Review (GTR)