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Leaders from the export credit agencies (ECAs) of the G7 countries convened in London this week for a two-day summit hosted by UK Export Finance (UKEF).
In an interview with Trade Treasury Payments (TTP), Yuichiro Akita, President of the Berne Union, discussed how ECAs must adapt strategically to this new environment. Key priorities include supporting climate and clean-tech projects even in high-risk markets, shoring up supply chain resilience amid geopolitical fragmentation, deepening collaboration with development finance institutions (DFIs) through blended finance, innovating in underwriting and risk management post-pandemic, and recalibrating risk appetite to enable critical projects.
RAKBANK, a UAE-based bank, has entered into a strategic partnership with Cleareye.ai, a US-based fintech. The collaboration aims to automate elements of the bank’s trade finance operations and support its core system modernisation efforts.
In an effort to reduce Africa’s reliance on imported refined fuel from outside the continent, the African Export-Import Bank (Afreximbank) has launched a $3 billion revolving trade finance programme to support intra-African and Caribbean oil transactions.
