BII and Citi launch US$100m risk-sharing facility to support trade finance in Africa
British International Investment (BII), the UK’s development finance institution and impact investor, today announced the signing of a US$100m risk-sharing facility with Citi to support the trade finance needs of SMEs and corporates in frontier and emerging African economies. The initiative was announced during a signing ceremony in Washington at the World Bank’s Spring Meetings and is expected to provide a boost to businesses with high-potential but limited by a lack of finance.
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Posted on Apr 24, 2024 Region: Africa
trade finance Citi, British International Investment, BII, World Bank, lack of finance
