Traditionally the world’s largest market for pre-export financing (PXF), Russia has seen an increase in the number of PXFs arranged for its companies in 2016. High levels of liquidity within Russian companies and banks has been a noted cause of this, particularly in the metals space.
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The export finance community’s calls for OECD reform are being answered. But amid
the news certain ESG-friendly projects can tap longer tenors, there remains
scepticism around how and when ECAs and banks will apply these longer maturities.
This year's winners of the TXF Export Finance Deals of the Year beat a lot of worthy contenders, with ESG credentials the running theme across those winning deals.
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