African Development Bank launches landmark US$500 million credit insurance deal with African Trade Insurance Agency ...
(World News UK)

Download logo Responds to G20 Action Plan for MDB Balance Sheet Optimization; Creates additional headroom that will be chanelled to support further development across Africa; Supported by Insurance Broker - RFIB Group Ltd and leading UK reinsurers. The African Development Bank (AfDB) (www.AfDB.org) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future. While ATI will be the direct...