The High Court in London has sided with the African Export-Import Bank (Afreximbank) in a dispute with the Republic of South Sudan, ordering the embattled state to repay pandemic and trade-related debts. On May 8, a judge granted summary judgment in favour of Afreximbank, which had been seeking to enforce repayments under three agreements worth…| Global Trade Review (GTR)
Concerns are growing that a dispute over the status of multilateral development banks (MDBs) in African sovereign debt restructuring could impact the availability and pricing of trade finance on the continent. MDBs have historically served as a vital source of financing for governments in the Global South, typically providing lower rates than commercial alternatives. In…| Global Trade Review (GTR)