La presente informativa è resa, anche ai sensi dell’art. 13 del D. Lgs. 196/2003 “Codice in materia di protezione dei dati personali” (“Codice Privacy”) 
e degli artt. 13 e 14 del Regolamento (UE) 2016/679 (“GDPR”), a coloro che si collegano alla presente edizione online del giornale Tribuna Economica di proprietà di AFC Editore Soc. Coop. 

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The European Investment Bank  formally agreed to support membership expansion of the African Trade Insurance Agency (ATI) with a concessional financing facility to cover the shareholding of three prospective members - Cameroon, Niger and Togo.

This represents the first time the European Investment Bank has backed ATI’s membership expansion. Unlocking additional investment insurance is expected to transform public and private sector investment in the countries. Investment insurance includes the full spectrum of political and credit risk insurance covering both sovereign and corporate risks.

The Agreement with ATI to enable the European Investment Bank to finance membership of countries was signed earlier at the Africa Investment Forum in Johannesburg by Ambroise Fayolle, Vice President of the European Investment Bank and John Lentaigne, Ag Chief Executive Officer of the African Trade Insurance Agency.

The European Investment Bank, the long-term lending institution of the European Union, will finance capital participation that will enable three countries to access guarantee and insurance mechanisms provided by ATI.  Full membership in ATI is expected to follow in the coming months.

Investment insurance key for sustainable development.   ATI membership will enable underlying projects to be bankable and able to attract new investors for strategic infrastructure and private sector projects.

The agreement signed is a key step toward improving private sector investment and sustainable economic development in West Africa by stimulating growth in key economic sectors, driving economic diversification and ensuring more stable and sustainable growth.

ATI membership to reduce borrowing costs and boost investor confidence.  Once the countries become full ATI members investors will benefit from the full spectrum of investment insurance that protects against non-payment of both sovereign and corporate risks.

ATI membership has already helped other African countries to reduce sovereign borrowing costs. ATI currently insures USD 6 billion of transactions across Africa as a current outstanding portfolio.

Ensuring international environmental and social standards.  The agreement will ensure that projects follow international technical, environmental and social standards that further reassures international investors.