- Deutsche Bank AG and the World Bank's Multilateral Investment Guarantee Agency (MIGA) are launching a trade finance platform with €1 billion in capacity.
- The platform is specifically designed to support transactions in frontier and emerging markets where trade finance accessibility may be limited.
- MIGA will provide guarantees to Deutsche Bank to mitigate the risk of non-payment, while the German lender manages the structuring and execution of the trade transactions.
Quotes
“The World Bank’s Multilateral Investment Guarantee Agency, also called MIGA, will provide Deutsche Bank guarantees to protect against the risk of non-payment in trade transactions, while the German lender will bring its experience in trade finance structuring and execution to the table.”