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Global Network of Export-Import Banks & Development Finance Institutions Meet Held

The 12th Annual General Assembly, the Steering Committee Meeting of the Global Network of Export-Import Banks and development-finance institutions (G-NEXID) took place on Monday, July 10, 2017 in Geneva, Switzerland, preceding the WTO Aid for Trade Program, says a release.

The G-NEXID was formed, under the auspices of the United Nations Conference on Trade and Development (UNCTAD) in 2006 with its Secretariat in Geneva, Switzerland. The five founder members of this Network are Export-Import Bank of India, Export-Import Bank of Malaysia, African Export-Import Bank, Andean Development Corporation and Export-Import Bank of Slovakia. Driven by the objective to boost bilateral trade and investment among export-import banks and development-finance institutions of the South, G-NEXID was set up. 

The Network unanimously endorsed the candidature of Mr. Abubakar Abba Bello, Managing Director, Nigerian Export-Import Bank (NEXIM) as the Honorary President of the Network. The Honorary President indicated that under his Presidency he will fully support the implementation of agreed objectives of the Network, particularly the 5-Year Strategy which envisages to create a more robust South-South cooperation. After the meeting, a workshop was held which included presentations on the new initiatives and activities of the members. The event offered the opportunity to present to the global trade and investment community the contributions of members and partners towards promotion of South-South trade, investment and cooperation. Representatives from International Trade Centre, UNCTAD, Berne Union and FCI also spoke on the occasion.

Financial institutions present during the Annual General Assembly in Geneva  included Afriexim Bank, Egypt; Development Bank of the Central African States, Congo; BNDES, Brazil; Development Bank of Latin America, Venezuela;  Development Bank of Zambia; ECOWAS Bank for Investment and Development (EBID), Togo; Indonesia Exim Bank; Nigeria Exim Bank; apart from Export-Import Bank of India.


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