✉news BusinessFinance first seen 1 d ago, last 1 d ago, peak #14
AFC and Munich Re to Share $1 Billion Trade Finance Risk
Original: Watch AFC, Munich Re to Share $1 Billion Trade Finance Risk
AFC and Munich Re have agreed to share $1 billion in trade finance risk, according to Bloomberg. The arrangement pairs the Africa Finance Corporation, a major infrastructure and trade financier for African markets, with Munich Re, one of the world's largest reinsurers. The deal is intended to expand trade finance capacity by spreading exposure between the two institutions, in a market where banks have pulled back from trade lending.
Why now: The partnership is significant news for trade finance in emerging markets, where risk-sharing capacity is scarce.
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Evidence
- Watch AFC, Munich Re to Share $1 Billion Trade Finance Risk · Bloomberg.com
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