OGUNSINA OLUWATOSIN’s Post

African Development Bank and Trade and Development Bank (TDB) Group strengthen trade finance partnership through a Trade Finance Unfunded Risk Participation Agreement https://lnkd.in/eRe_TR4M

The African Development Bank Group and #TDBGroup on 6th December 2024 have signed an agreement for a USD 150 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility. The agreement was concluded on the sidelines of the African Investment Forum #AIF Meetings in #Rabat, #Morocco. The RPA aims at bolstering #intraAfricantrade, promoting #regionalintegration, and contributing to the reduction of the #tradefinance gap in #Africa. Beneficiaries of this facility are local and regional issuing banks in TDB’s member states whose ability to grow #tradefinance business is constrained by inadequate trade confirmation lines from international confirming banks with reduced appetite. The second group of beneficiaries are African #SMEs and domestic firms who rely on these issuing banks to fulfil their trade finance commitments. “TDB Group is delighted to strengthen its strategic partnership with the AfDB Group through tailored risk-sharing facilities aimed at scaling up trade finance. This crucial support will help bridge the significant gaps in trade finance access as major international banks continue retreating from the continent,” said Wegoki Mugeni, TDB Group COO, East Africa.

Excited to continue deepening our relationship with African Development Bank Group as TDB aims to leverage on this agreement to catalyse an estimated $1.8 billion in trade finance across Africa.

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The African Development Bank Group (AfDB) and the Eastern and Southern African Trade and Development Bank (Trade and Development Bank Group - TDB Group) have signed an agreement for a US$150m Trade Finance Unfunded Risk Participation Agreement (RPA) facility.  #tradefinance #smefinance #bcrnews

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HSBC, IFC sign US$1 billion facility to support trade financing in emerging - https://lnkd.in/g9fSF8VQ HSBC and the International Finance Corporation (IFC) signed a US$1-billion partnership to help banks in emerging markets increase their lending to support trade. The risk-sharing facility between one of Hong Kong's currency-issuing banks and the private sector financing arm of the World Bank will cover

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