Business Confidence Index Q2.23 Published

07/06/2023
BU Data

The tightening credit environment has seen an overall contraction in demand and ST risk appetite as BU members signal rising claims. MLT projects seeking ECA cover appear strong in the second quarter.   

Growth in ST demand appears to be slowing in line with the slump in merchandise trade at the end of 2022 and the start of 2023. Green investment continues to be the most significant driver of demand for new MLT cover.

The volume of ST emerging claims situations skyrocketed in the first quarter of the year as bankruptcies in the US and Eurozone reach the highest in this period for 10 and 8 years, respectively. The external debt positions of many sovereigns alongside deteriorating credit conditions for many corporates are driving pre-claims situations for MLT business. 

Read the full report via the link below...

No alt text provided for this image

Business Confidence Index Q2.23

https://bublob.blob.core.windows.net

The tightening credit environment has seen an overall contraction in demand and ST risk appetite as BU members signal rising claims. Green investment continues to be the most significant driver of demand for new MLT cover.

Latest News

Member News
03/06/2024

IfTI Global Symposium 2024: Quo Vadis, Global Trade?

BU is pleased to support the upcoming opportunity to connect with Berne Union members and partners a...
Publications
02/05/2024

May BUlletin: Charting a course forward

Charting a course forward: Navigating AI, digitalisation, and economic support to Ukraine amidst unp...
Press Release
24/04/2024

BU members reflect on a prodigious year for new business in 2023, despite an increasingly fractious risk environment

Innovation, technology and opportunities in the green transition in focus at Berne Union Spring Meet...
Member News
17/04/2024

New Chairman & Managing Director was appointed to SLECIC from April 2023

A Finance Industry Specialist, Mr. Senarath Devendra, took over as the Chairman/Managing Director of...
Member News
16/04/2024

Change in Finnvera’s top management

Juuso Heinilä appointed as CEO from 1st June
Member News
02/04/2024

World Bank Group Publishes New Data, Aiming to Boost Investment in Emerging Markets

Proprietary statistics on the credit risk profile of private and public sector investments in emergi...
Member News
28/03/2024

Changes in Dhaman top managerial positions

Dhaman would like to inform you about recent changes in its top managerial positions
BU Data
20/03/2024

Business Confidence Index Q1.24 Published

Demand is set to remain strong through the first quarter of 2024, following concentrated growth in t...
Press Release
06/03/2024

BU90 Stakeholder event - thank you for helping us celebrate!

A recording of the live stream is now available to view online
Publications
26/02/2024

February BUlletin: Celebrating 90 years of supporting trade and investment

Celebrating 90 years of Berne Union - 1934 - 2024 Reflecting on Berne Union’s origins and celebrati...
Member News
16/02/2024

Changes in the Bank Board of EXIMBANKA SR

The Government of the Slovak Republic appointed a new top management team for the Export-Import Bank...

Upcoming meetings

Claims and Recoveries Specialist Meeting 2024

Jun 11 - Jun 13, 2024
Shenzhen, China
This meeting will take place from 11-13th June 2024 in Shenzhen, China hosted by SINOSURE

YOUNG PROFESSIONALS London Networking Meetup

Jun 20, 2024
London N1C 4AG
The Berne Union's Young Professionals are invited to a networking social event in the Kings Cross area of Lond...

Climate 101: Climate Strategy and Function in Export Credit

Jun 25, 2024
Webinar to share experiences in implementing climate strategy

Unlocking LATAM's Potential: Insights & Collaboration

Jun 27, 2024
Webinar for Berne Union members on exploring Latin America's investment potential and discussing key strategie...

Committee Drop-in Calls

Jun 2024
Engage directly with the BU Secretariat, Committee leadership and Member Peer Group!