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- AFC partners with Munich Re on a US$1bn risk-sharing programme to unlock trade finance liquidity for African financial institutions (1)
- AFC partners with Munich Re on a US$1bn risk-sharing programme to unlock trade finance liquidity for African financial institutions (2)
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Africa Finance Corporation (AFC) and Munich Re Sign US$1 Billion Managed Debt Mobilization Programme to Unlock Trade Finance for African Banks
The first phase covers commercial letters of credit, trade loans and trade guarantees; the instruments African banks rely on to finance their clients' imports and exports
US$1 billion of committed risk-sharing support from Munich Re for African financial institutions 38 financial institutions across 11 African countries in the first phase Trade finance transactions of up to 12 months, allowing capacity to be reused to finance new trade as transactions are repaid Africa Finance Corporation (AFC) (www.AfricaFC.org),…
