Corruption, at all levels, slows down economic growth, exacerbates inequalities, and weakens public and private institutions. According to a 2021 World Bank study, corruption costs developing countries approximately $1 trillion annually, representing about 2% of global GDP. In this context, financial institutions play a pivotal role as key actors in ensuring transparency and integrity in […]
Today, the industrial sector represents only 11.8% of Africa’s gross domestic product (GDP), according to data from the World Bank (2021). This figure is very low compared to regions like East Asia, where industry contributes about 30% to GDP, and Europe, where it accounts for around 24%, according to a study led by the United […]
The Trade Guarantee aims to support financing for trade, raw material purchases, and supplier payments. In a context where cross-border transactions are increasing, non-payment risk has become a challenge for economic players. According to a World Bank study, around 80% of SMEs in developing countries face challenges in accessing adequate financing, which makes them vulnerable […]
In the business world, a market bond plays a crucial role in ensuring contract execution, protecting against financial risks, and fostering fair competition. It is essential for building trust between involved parties and ensuring smooth commercial transactions. However, we understand that obtaining these bonds is not always easy for you, the players in the African […]
The Challenges of International Trade for African Businesses In international trade, having reliable guarantees is crucial to maintaining financial stability and fostering business growth. Regarding Africa, the perceived risk of payment default is particularly high, which is a major concern for banks and international partners. A World Bank study reveals that around 70% of banks […]
Access to Long-Term Project Financing for African Businesses As business leaders in Africa, you are undoubtedly aware that your role is essential to local economies. In fact, businesses represent approximately 90% of investments, generate around 80% of jobs, and contribute up to 40% of GDP in certain economies, according to the African Development Bank (AfDB, […]
The rating committee of Bloomfield Investment Corporation has recently confirmed the ratings of ETC Invest S.p.A for the year 2024, specifically an AA long-term rating and an A1 short-term rating, both with a stable outlook. This reassessment, which comes amid a challenging global economic environment, once again demonstrates ETC’s resilience and its ability to remain […]
On July 30, 2024, ETC – Export Trading Cooperation, received the A3- rating from the European credit rating agency ModeFinance for the fourth consecutive year. This recognition reaffirms the strength of our financial position and our ability to meet our commitments, a key factor of trust for all our financial and commercial partners. The Significance […]
ETC – Export Trading Cooperation, represented by its Vice President Enrico Mazzon, has officially joined the Global Network of the Guarantee Institution (GNGI) through a vote held during the recent annual event organized by the AECM in Warsaw from June 6th to 8th, 2024. This membership marks a significant step forward in our mission to […]
