African Export Import Bank (Afreximbank)’s Survey of Impact of COVID-19 on African Trade Finance is the first report examining the effect of Covid-19 on trade finance activities of commercial banks in Africa. It highlighted how despite rising demand for trade finance, a lack of liquidity and increased risk aversion have made it harder to come by, and called for greater co-operation between governments and financial institutions to tackle the problem.
Covering the period between January to April 2020, the report is the result of a collaboration between Afreximbank, the Making Finance Work for Africa Partnership, the African Development Bank and the United Nations Economic Commission for Africa (ECA). Read More.
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