SPECIAL FEATURE
macroeconomic turbulence. So when commercial financiers shy away, we’re expected to firm up and step up. At TDB Group we’ve continued to provide essential financial services to member states, for both private and public clients, to ensure that there’s continued security of supply of essential commodities. It could be fertilizer for agriculture and food security; or fuel for energy security; or pharmaceuticals, among others. The market continues to show strong demand, but there are still many challenges linked to the stress caused by the COVID-19 pandemic and new geopolitical crises. At the same time the macroeconomic environment hasn’t been helpful as interest rates
Admassu Tadesse
Admassu Tadesse has been Trade and Development Bank (TDB) Group President and Managing Director since 2022. Prior, he led PTA Bank and its evolution into TDB, as well as serving as Executive Vice President for International Finance and Corporate Strategy with the Development Bank of Southern Africa. Under his leadership, TDB Group has expanded into several new and under-served markets, with total assets growing about 10-fold to US$10 billion in 2023.
OPEC Fund Quarterly : What are the most recent and significant market developments from TDB Group’s perspective? Admassu Tadesse: The market of trade finance, project finance and development finance has gone through some “dynamics” in recent years – and this is a period of recovery. We are all trying to rebound. Multilaterals like TDB Group and the OPEC Fund are expected to be countercyclical in periods of
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