EBRD and BANK OF AFRICA-BENIN support trade finance in Benin
United Kingdom, June 11 -- The European Bank for Reconstruction and Development (EBRD) is granting BANK OF AFRICA-BENIN (BOA-BENIN) a US$ 20 million (€17.3 million) trade line under its Trade Facilitation Programme to boost financing for import-export operations and support the development of Benin's private sector.The facility will enable the EBRD to issue guarantees to international confirming banks and provide short-term financing to support imports, exports and the local distribution of strategic products, including foodstuffs, agricultural products, industrial equipment and construction materials.The partnership will help strengthen BOA-BENIN's ability to support local companies in their international operations, to diversify its...
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