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Ethiopia: AfDB Approves $50m Trade Finance Guarantee to Boost SMEs, Local Corporates Via Awash Bank
4 Articles
4 Articles
Ethiopia: AfDB Approves $50m Trade Finance Guarantee to Boost SMEs, Local Corporates Via Awash Bank
Addis Abeba -- The Board of Directors of the African Development Bank Group has approved a $50 million Trade Finance Transaction Guarantee Facility to support trade finance operations at Ethiopia's Awash Bank S.C.
As part of its strategy for the development of foreign trade and the strengthening of support for Tunisian companies, the BIAT announces the agreement of the African Development Bank (ADB) on a $50 million transaction guarantee. This guarantee line consolidates all of the BIAT's counterpart lines with its bank correspondents and aims to strengthen the support of international clients and facilitate the issuance of "Trade Finance" instruments on …
IBAT is taking a new step in its strategy to support foreign trade by concluding a partnership with the African Development Bank (ADB). Through a $50 million transaction guarantee, IBAT is strengthening its capacity to support Tunisian companies in their international operations and confirming its commitment to inclusive and sustainable economic development. As part of its strategy for the development of foreign trade and the strengthening of su…
Côte d'Ivoire is taking a key step in its mixed financing strategy by using for the first time a combination of IBRD and MIGA guarantees, according to a first loss/second loss structure. This mechanism will attract private capital at a reduced cost.
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