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)
Italy’s export credit agency Sace has agreed to cover a commercial bank loan worth US$600mn for food and beverage giant San Miguel, the latest deal signed under its booming untied programme. The facility, signed on March 27, is being financed by SMBC and backstopped with a guarantee from Sace. Sace is providing support under its ...| Global Trade Review (GTR)
The International Chamber of Commerce (ICC) has launched a set of principles to help banks and their clients classify trade finance transactions as sustainable. There are currently no globally agreed regulatory standards on what constitutes sustainable finance, and regulators have signalled closer scrutiny of banks’ green finance claims over allegations of greenwashing. Trade finance instruments ...| Global Trade Review (GTR)