PRESS RELEASE: Istanbul Spring Meeting and H2 2021 Data
Stabilised trade and new investment in energy transition have helped generate real growth for export credit, but multiplying risks now threaten the fragile pandemic recovery
ISTANBUL 12th May 2022 – A global delegation of 74 Export Credit Agencies, multilateral institutions, private banks and credit insurers gathered this week in Istanbul for the Berne Union Spring Meetings, to discuss trends in risk underwriting and strategic priorities for the industry with respect to climate, energy and pandemic recovery.
Berne Union President, Michal Ron, comments:
“Just as we were emerging from one of the most economically challenging periods in modern history a fresh crisis has re-amplified risk and uncertainty, threatening the fragile recovery we have been nurturing over the past 12 months.
As an industry, our most urgent priority is to support businesses through the acute geopolitical and economic stress of the war, widespread inflation and lingering trade disruption. But equally important in the long term is ensuring that we are equipped to tackle the unprecedented structural adjustments driven by climate change and global energy transition.”
During the meeting the Berne Union released initial figures for industry performance up to year end 2021. Michal observes:
“We have seen positive indications of recovery from business in 2021 and a return to growth of both trade and investment. We recognise huge potential opportunities for financing the technologies and economies of the future and despite the multitude of current challenges we remain hopeful that these can help to deliver a sustained recovery.
Going forward, as always, the importance of dialogue, cooperation and innovation cannot be overstated and I am grateful that this year we can continue to meet in person and engage fruitfully on these important matters within the Berne Union Community.”
Full Press Release here: BUPR 05.22 Istanbul Spring Meeting and H2 2021 Data
For more info, contact Paul Heaney at the Berne Union Secretariat