Perspective
10 June 2015
Boost for DRC trade with ATI credit risk agreement
Region:
Middle East & Africa
The central bank of the Democratic Republic of Congo (DRC) has reached an agreement with the African Trade Insurance Agency (ATI) whereby banks will receive up to 50% capital relief on any transaction that is secured with a credit risk guarantee supplied by ATI. This landmark decision means the DRC becomes the first African country to give banks capital relief.
