Citi and AfDB sign risk agreement for African trade
The African Development Bank (AfDB) has signed a $50-million Risk Participation Agreement (RPA) with Citi to support trade transactions originated by issuing banks in Africa. The facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing. In addition, it will foster financial sector development and regional integration, and contribute to government revenue generation.
Hello stranger, fancy seeing you here…
Unfortunately you’ve stumbled across our paid-for content but that’s not a problem, join the TXF Essentials community today for unrestricted access to:
- Daily news and analysis from our TXF experts
- Access to TXF data dashboards and Smart Search
- Market reports and bi-annual long reads
- And much much more...
Sign in to post a comment. If you don't have an account register here.