Africa: AfDB Approves U.S.$100 Million Pact to Boost Trade Finance in Africa

[New Times]The African Development Bank (AfDB) has approved a $100m unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by Commerzbank AG, AfDB said in a statement.

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