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Nigeria - African Trade Insurance (ATI) Country Membership Programme
Project linkages with country strategy and objectives The strategic thrust of the proposed project is aligned to the African Union (AU) 2063 Agenda and founded on the long-standing engagement and priority area of the African Development Bank (AfDB). The AU Agenda 2063, prepared with the support of the AfDB, identified trade as a key engine of growth for Africa’s economic transformation and sustainable development and advocates for greater trade finance and support to financial institutions. The Bank has over the years strived to overcome trade barriers in the continent and has supported regional member countries, individually and collectively, to tackle these constraints and bridge the trade finance gap. To scale-up this effort, the AfDB has also supported the establishment of various subregional and regional special purpose vehicles, such as the Afreximbank, Trade and Development Bank (TDB), and the African Trade Insurance Agency (ATI), and channeled resources to address trade finance needs on the continent.