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Multinational - Comesa regional trade & project finance support facility - Project Summary

24-Jul-2019

Eastern and Southern African Trade & Development Bank (TDB). The COMESA regional trade and project finance package of $300 million consists of a composite funded trade finance and project finance facility, and an unfunded trade finance risk participation agreement (RPA). This comes on the heels of the African Continental Free Trade Area (AfCFTA) agreement, which came into force in July 2019; and the Bank’s partnership framework featuring African DFIs, including the TDB, which committed to working together to scale up, speed up, and synergise African development.

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