African Development Bank Group approves $50m Risk Participation Agreement with Crédit Agricole
The Board of Directors of the African Development Bank Group has approved a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank.
The deal will enable African banks and their small and medium-sized enterprise (SME) clients to participate more in regional and international trade. It aims to support a cumulative trade transaction volume of $450 million over the next three years.
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Posted on Aug 1, 2022 Region: Africa
trade credit insurance African Development Bank Group, Credit Agricole, SME, Risk Participation Agreement, trade finance, credit insurance
