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Maroc Maroc - WORLDSTAGENEWS.COM - A La Une - 27/Sep 17:09

AfDB approves $10m trade finance guarantee to Exim Bank Tanzania

The African Development Bank Group (AfDB) Board of Directors has approved a $10 million trade finance transaction guarantee facility for Exim Bank Tanzania Limited to unlock and de-risk trade deals. The facility will provide up to 100 percent guarantees to international confirming banks against risks of non-payment. This support will release trade finance lines for Exim, expand access to essential imports, and strengthen Tanzania’s private sector. The new facility is expected to support up to $60 million in trade transactions over three years. The support will help Exim reduce its…

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