Mashreq Partners With British International Investment.
Mashreq has partnered with British International Investment (BII), in a $50 million trade finance initiative to boost cross-border trade in emerging markets across South Asia and Africa.
The collaboration, structured under a Master Risk Participation Agreement, will use Mashreq's established network to provide US dollar liquidity for essential imports, addressing the growing trade finance gap caused by rising inflation and declining investor interest in non-traditional banking sectors.
According to Chiradeep Deb, Mashreq's global head of investment banking, and Admir Imami, BII's director of trade and supply chain finance, this collaboration is step toward fostering sustainable economic growth in emerging markets while making trade finance more accessible to countries struggling with import and export financing.