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About: African Trade Insurance Agency     Goto   Sponge   NotDistinct   Permalink

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Type: Thingschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398Organizationorganisation New Facet based on Instances of this Class

The African Trade Insurance Agency, also known as ATI, was established in 2001 by seven COMESA countries and with the technical and financial backing of The World Bank to provide insurance against political and commercial risks in order to attract foreign direct investments (FDI) into the region. ATI is Africa's only multilateral investment and credit insurer and as of 31 December 2019 it had supported trade and investments into Africa valued at over US$62 billion since inception and for H1 2020, ATI recorded US$6.5 billion in Gross Exposures and US$390.8 million in equity.