ECAs and banks are yet to be mandated for Europe’s largest petrochemicals investment in the past 20 years – Ineos’ ethylene plant in Belgium. But despite ongoing considerations, the multi-billion euro financing is targeting an ambitious close by year-end or early 2023.
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The export finance industry has been calling for wholesale changes to the OECD Arrangement on Export Credits for years now. Some changes now look set to come into force, and with the help of ICC it is hoped a full modernisation package can be realised sooner rather than later.
We're building bridges for digital trade and trade finance. But where is the map to hold us accountable? By Michael Vrontamitis, deputy chair and member of the board of World Trade Board, and lead industry principal, lending at Finastra.
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