African Development Bank approves a US $50-million Risk Participation Agreement for Commerzbank AG to address Africa’s trade finance market demand
Abidjan, Côte d’Ivoire, April 5, 2018 – On Tuesday, March 27, 2018, the Board of Directors of the African Development Bank approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG (Commerzbank). The Risk Participation will leverage Commerzbank support to African issuing banks seeking to expand their trade finance operations. The facility will help …