It’s easy to be gloomy, but a new year is a good point to look to the bright side. Here are some thoughts about why staying in bed for the whole of 2021 will not be the best option for trade, treasury and risk

The GNA II LNG-to-power project and its sole financier - BNDES - promised to incubate private sector investment in large-scale project financings in Brazil. However, the card of pure commercial bankability is still some way off for such schemes.

In what has been one of the most eventful years for commodity trade finance, we take a long hard look at some of the major happenings and assess what these mean for the sector at large and for future financing.

Export Credit Agencies (ECAs) have proved robust amid the economic bulldozer that is the Covid-19 pandemic, and the product has never been in greater use with applications for cover ballooning. But ECAs are also becoming more risk averse as the pandemic shows no clear end in sight.

While EXIM Hungary is not one of the largest ECAs globally in terms of portfolio size or capital capacity, the Hungarian ECA makes up for its lack of size with its variety of products, including its international activities, special operating framework and the significance and breadth of its role. EXIM Hungary is also active in the real economy and in terms of international financial policy. TXF spoke to the ECA's International Chief Officer, Gabor Szocs.