Leaders from the export credit agencies (ECAs) of the G7 countries convened in London this week for a two-day summit hosted by UK Export Finance (UKEF).

In an interview with Trade Treasury Payments (TTP), Yuichiro Akita, President of the Berne Union, discussed how ECAs must adapt strategically to this new environment. Key priorities include supporting climate and clean-tech projects even in high-risk markets, shoring up supply chain resilience amid geopolitical fragmentation, deepening collaboration with development finance institutions (DFIs) through blended finance, innovating in underwriting and risk management post-pandemic, and recalibrating risk appetite to enable critical projects. 

Mayer Brown, a law firm, has advised Citibank, a bank acting as coordinator, and SACE, Italy’s export credit agency, on a $400 million syndicated loan facility extended to Eletrobras, Brazil’s primary electricity company and the largest in Latin America.