July 01 2009
Trade Finance: China Weighs
Multilaterals, ECAs and China are covering for traditional providers of trade finance, who are expected to deploy less this year. However, commercial banks are poised to jump back in.
by Ben Miller
Petrobras’ rewarding visit to China in May underscores one trend while bucking another. The 10-year $10 billion loan it signed with the China Development Bank was a milestone in LatAm trade finance, for its size and geopolitical significance.
The deal funds Petrobras’ purchase of Chinese goods and services in the development of new oil fields. Excluding that and ...
... to read the rest of this article please take a free trial or subscribe to LatinFinance.
|
Take a Free Trial |
Subscribe Now |
|
A free trial will give you access to our daily news, all features, our comprehensive archive and data for 2 weeks. |
A subscription gives to access to this entire website, and delivers the Daily Brief each morning and LatinFinance magazine 6 times each year.
Start your subscription today |
|
|
|