One major lesson learned from the financial crises in emerging markets since the 1980s is that large currency mismatches, both at a public and private sector level, strongly increase the vulnerability of a country to adverse shocks. The financing of local-currency activities by foreign currency denominated liabilities is therefore an inherent weakness
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Europe’s energy crisis has provoked a scramble for LNG. In order to meet demand, investment towards specialist carriers and import terminals has ballooned. But can the possibility of adapting LNG tech for renewable power remedy long-term concerns around stranded fossil fuel assets?
Approximately 600 million people in Africa have no access to electricity. In a continent with considerable potential for energy natural resource development – both through renewable and fossil fuels – why has it become so difficult to finance related trades and new projects?
TXF speaks to Massimo Falcioni, former CEO of the UAE Federal Company Etihad Credit Insurance (ECI) about his journey with the export credit agency, the challenges of diversifying towards non-oil energy in the region and his plans for the future.