2021 State of the Industry Report
2021 was the year the world learned to live with covid
Broadly speaking, by the end of 2021 we had learned enough, vaccinated enough, and innovated enough to resume most normal activities in some form or other.
But if liquidity was the focus of the pandemic years, capital investment must be the focus of the recovery. The report outlines how MLT Export Credit business rebounded considerably in 2021, after a huge drop in the immediate aftermath of the pandemic. But new commitments have not yet returned to the levels of 2019, and the recovery we have seen has been unevenly distributed, with developing markets still seeing a slower return than developed ones.
One promising development has been a visible shift towards climate transition, which now represents not only an environmental imperative, but increasingly an economic one as well.