Driven by G-NEXID’s mandate to facilitate cooperation among export-import banks and development finance institutions in support of South-South trade, investment and project finance, the 17th Annual General Assembly featured two major activities: the statutory meetings (the 2022 Steering Committee Meeting and the 2022 Annual General Assembly), an intra-G-NEXID dialogue on ‘Reinforcing collaboration in a multi-crises context”, and dialogues with ECAs were held (SERV from Switzerland the Export-Import Bank of Trinidad & Tobago).
Benefiting from the presence of 9 G-NEXID members and the United Nations Conference on Trade and Development (UNCTAD), the Assembly adopted the work programme and budget for 2023 and deliberated on the membership drive.
The following key questions structured the intra G-NEXID Dialogue in ‘Reinforcing collaboration in a multi-crises context’
- What are the main challenges that developing countries face regarding the multiplicity of crises?
- How your institutions have been helping to cope with these multiple crises (initiatives, strategies, partnerships, etc)?
- In the framework of G-NEXID, what would you recommend for reinforcing collaboration amongst members in the state of multiple crises?
In the deliberations that followed, against the main challenges (recession, high inflation, certification of products, digital transformation, access to fertilizers and food security) faced by developing countries crisis considering multiplicity of crisis (ranging from the COVID-19 pandemic and its socio-economic implications to the effects of the war in Ukraine, including on energy and food security, and the impacts of climate change), DFIs have a key role.
Specific initiatives such as Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA) and Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA), were highlighted, restructuring of financing facilities (including moratorium of payments and interest rate reduction) and grants were highlighted.
Taking the example of other associations of Public Development Banks (such as Asian Exim Bank Forum), the participants highlighted the benefits of experience sharing and business opportunities.