In-depth

Analysis, interviews, roundtables, reports and more on the topics that matter to you.

Perspective
27 March 2026

Has the ECA untied lending bubble burst?

Region:
Middle East & Africa, Europe
Managing Editor
Untied export finance volumes dropped significantly in 2025 compared to recent years despite a vintage year for ECA business. Is the fall in activity anomalous, cyclical, or symptomatic of a change in the pitch of ECAs and banks?

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