Italy’s export credit agency Sace has signed a €200mn framework agreement with Egyptian lender Alexbank aimed at boosting Italian exports to the North African market. Under the agreement, Sace will issue guarantees to Alexbank when it provides financing to Egyptian SMEs that have “shown interest” in increasing their procurement from Italy, the agency says. Sace…| Global Trade Review (GTR)
The Export-Import Bank of the United States did not intentionally delay funding for a US$20bn Mozambique LNG project due to political bias against the fossil fuel sector, its inspector general has found.| Global Trade Review (GTR)
Afreximbank has established a US$3bn trade finance programme in a bid to reduce the continent’s dependence on foreign oil imports.| Global Trade Review (GTR)
US President Donald Trump has urged the Export-Import Bank of the United States to slash red tape and boost financing for the country’s coal industry, signalling a dramatic departure in White House energy policy.| Global Trade Review (GTR)
