𝐌𝐚𝐬𝐡𝐫𝐞𝐪 𝐚𝐧𝐝 𝐁𝐈𝐈 𝐋𝐚𝐮𝐧𝐜𝐡 $𝟓𝟎𝐌 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐚𝐝𝐞 Mashreq has partnered with British International Investment (BII), in a $50 million trade finance initiative to boost cross-border trade in emerging markets across South Asia and Africa. The collaboration, structured under a Master Risk Participation Agreement, will use Mashreq's established network to provide US dollar liquidity for essential imports, addressing the growing trade finance gap caused by rising inflation and declining investor interest in non-traditional banking sectors. According to Chiradeep Deb, Mashreq's global head of investment banking, and Admir Imami, BII's director of trade and supply chain finance, this collaboration is step toward fostering sustainable economic growth in emerging markets while making trade finance more accessible to countries struggling with import and export financing. #britishinternationalinvestment #mashreq #GlobalTrade #EmergingMarkets"
Congratulations to Mashreq, Chiradeep Deb Sir and the entire team !! 👍
Edomx
1moGood news... Trade finance is a vital enabler of economic growth in Africa, acting as the backbone for cross-border trade and development. However, the continent faces significant challenges, including a trade finance gap estimated at over $90 billion annually. Limited access to credit, regulatory barriers, and high transaction costs often hinder small and medium-sized enterprises (SMEs)—the lifeblood of Africa's economy—from participating fully in international trade.