DFIs launch African financing partnership

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28 May 2010

Eight development finance institutions have launched the African Financing Partnership to enable greater cooperation, co-financing, and evaluation of private sector projects across the continent.

Eight development finance institutions have launched the African Financing Partnership (AFP) to enable greater cooperation and co-financing, and work towards improving joint assessment and evaluation of private sector projects across the continent.

The eight participating institutions, who last year invested...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%