12th Annual General Assembly of G-NEXID


12th Annual General Assembly of G-NEXID

Members of G-NEXID assembled to attend the 12th Annual General Assembly Meeting in Geneva on 10 July 2017

Geneva, 10 July 2017 – Under the auspices of the United Nations Conference on Trade and Development (UNCTAD), the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) was formed in 2006 to facilitate cooperation among policy banks and similar institutions in support of South-South trade, investment and project finance. Its Secretariat is located in Geneva, Switzerland.

Held at the headquarters of the United Nations Office at Geneva on 10 July 2017, the 12th Annual General Assembly of G-NEXID combined the formal statutory meetings of the Steering Committee and the wider assembly with a workshop on “Promoting South-South Trade through Cross-Border Trade Finance and Project Finance Transactions”. This year’s General Assembly preceded the 6th Global Review of Aid for Trade at the World Trade Organization (WTO).

The Network unanimously endorsed the candidature of Mr. Abubakar Abba Bello, Managing Director of the Nigerian Export-Import Bank (NEXIM) as the sixth Honorary President of the Network. He indicated that under his Presidency he will fully support the implementation of agreed objectives of the Network, particularly the 5-Year Strategy which envisages to create a more robust South-South cooperation.

The workshop included presentations on key trends in South-South trade, new initiatives and activities of the members. The event offered the opportunity to present to the global trade and investment community the contributions of members and partners towards promotion of South-South trade, investment and cooperation. Representatives from Berne Union, Factors Change International (FCI), International Trade Centre (ITC), and UNCTAD also spoke at the occasion.

Financial institutions present during the Annual General Assembly in Geneva included African Export-Import Bank (Afreximbank), Brazilian Development Bank (BNDES), Development Bank of the Central African States (BDEAC), Development Bank of Latin America (CAF), Development Bank of Zambia (DBZ), ECOWAS Bank for Investment and Development (EBID), Export-Import Bank of India (EXIM Bank), Indonesia Eximbank (LPEI) and Nigerian Export-Import Bank (NEXIM).

The Export-Import Bank of Ghana (GEXIM) also attended the workshop.as a special guest.