Webinar Replay: Pulse Check – Trade Finance in Sub-Saharan Africa during Covid-19
15 October 2020 -- Following the release of a collaborative report accessing the impact of COVID-19 on trade finance, MFW4A organised a webinar together with report co-authors from the AfDB, BADEA, ITC, ITFC, and EADB.
In this current unprecedented environment, policy makers, & development organizations have attempted to respond to the multi-faceted pandemic crisis and help sub-Saharan African countries ride these difficult times. In particular, keeping trade in goods and services flowing presents, not only an economic, but also a social imperative to preserve the livelihoods of millions of Africans. Pre-COVID-19, the trade finance gap in Africa was already estimated to be above USD 100 billion. What has been the impact of the pandemic on trade finance in the region and what can MDBs and governments do to support the trade finance sector?
To answer this question, eight MDBs and trade development institutions have engaged with selected members of the banking community across the region to gauge how the sector has fared so far during the Covid-19 pandemic. This webinar discussed the main conclusions of this exercise with key stakeholders involved. Most importantly, the panelists tried to summarize the main priorities for MDBs in the next few months to support the trade finance market.
Click here to download the full report.
For more details on this session’s content, the event recording is available below. The webinar presentation can also be downloaded via this link.
MDBs & Multilaterals
Andrew M. Asira --- Head of Operations (EADB)
Ian Sayers --- Senior Advisor, Access to Finance (ITC)
Mohamadou Ba --- Trade Finance Officer (AfDB)
Mubarak Elegbede --- Head, Trade Finance Department (ITFC)
Nuru Mugambi --- Director, Kenya Banker's Association
Sebastian Ashong-Katai --- Group Head, Financial Institutions & International Organizations (Ecobank)
Theobald Sabi --- Managing Director (NBC - Tanzania)
Jane Warambo --- CEO (Envisage Ltd)
Moncef Klouche --- Senior Advisor (BADEA)
Wambui Chege --- Independent Chair (MFW4A)