African trade finance sees $5 bn in portfolio outflows in Q1 2020 due to Covid-19, but opportunities exist – report

April 26, 2021 Ein News 0 Comments

Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of 2020, a new continent-wide survey on trade finance has shown. About $3.1 billion left the South African market alone, the report found. Launched on 15 April 2021, the African Trade Finance Survey Report () examines how trade finance has evolved during the Covid-19 pandemic and highlights the role it can play in overcoming the social and economic fallout of the disease. The survey was conducted by African Export-Import Bank (Afreximbank) (www.Afreximbank.com), jointly with the UN Economic Commission for Africa and the African Development Bank-hosted Making Finance Work for Africa () Partnership. Read More.

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