Supporting Food Security in Sudan
This case study examines how UA Specialty provided critical trade finance support to a multilateral bank operating in Sudan (Khartoum), enabling them to maintain essential wheat imports and prevent potential food shortages.
Sudan (Khartoum)
Maximum Amount Insured
Multilateral Bank
Commodity Financing
Challenge
The bank faced significant political and credit risks in Sudan, hindering its ability to provide the US$ 300 million trade financing capacity needed to support wheat imports. Without this financing, the country risked severe food shortages and economic instability.
Solution
UA Specialty leveraged its expertise in trade credit risk mitigation to develop a comprehensive solution. We worked closely with multinational reinsurers to provide the necessary capacity, enabling the bank to extend financing with confidence.
Impact
The solution delivered significant positive outcomes:
Ensured uninterrupted wheat supply: The financing enabled the consistent import of wheat, preventing potential food shortages and stabilizing the market.
Enabled financing in high-risk conditions: UA Specialty’s risk mitigation strategy allowed the bank to extend crucial financing despite the challenging operating environment.
Supported economic stability in Sudan: By facilitating essential commodity imports, the solution contributed to the country’s overall economic resilience.
Conclusion
This case study highlights UA Specialty’s commitment to supporting food security and economic development in challenging markets through innovative trade finance solutions. Contact us to learn more.