The European Investment Bank (EIB) plans to expand its role in trade and export finance. The bank intends to launch a “global trade finance platform” to support Europe and high risk countries boost trade in the face of competition from China. Global Trade Review writes that a document released by EIB in October said “it plans to work with ECAs (export credit agencies) and commercial banks to “facilitate” bid and performance guarantees – instruments that are central to big-ticket contracts in sectors such as defence and infrastructure.” Global Trade Review shares more details.
