Is the Danish export credit agency punching under its weight? EIFO CEO Peder Lundquist discusses how the ECA is evolving its unique model post-merger, upping its emphasis on critical minerals in Greenland and increasing engagement in Africa, all while keeping its focus on sustainable projects.

TXF has published its 2025 data reports for the export and commodity finance industries. Borrowers are raising bigger deals as geopolitical pressures increase supply chain costs. Banks have the appetite to deploy capital, but rising tickets are another indicator of the turmoil that now grips the global economy.

Untied export finance volumes dropped significantly in 2025 compared to recent years despite a vintage year for ECA business. Is the fall in activity anomalous, cyclical, or symptomatic of a change in the pitch of ECAs and banks?