Page 16 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

Press Release

Mazrouei said, “Launched by the COP 28 Presidency at the Africa Climate Summit as part of
Union Program 7 by the UAE, AGII’s efforts aligns with the targets of NZECA Alliance. With
Africa50 as a key partner, it seeks to raise USD 4.5 billion from renowned climate action
companies in the UAE, including Masdar, the Abu Dhabi Fund for Development, AMEA Power
and ECI.”

In this context, H.E. Al Mazrouei emphasised the company’s critical role, especially noting its
commitment to contribute USD 500 million by offering cutting-edge NZECA business solutions
and facilitating joint efforts between the initiative’s partners and stakeholders, which include
private financiers, institutional investors, development banks, nonprofit organisations, export
credit agencies and technical experts. This supports in financing for ambitious green projects in
the African continent, signifying the company’s commitment to support the NZECA Alliance’s
objectives of lowering carbon emissions and boosting climate resilience.

During H.E. Al Mazrouei’s participation in the second session titled ‘Council of Athena: The
Woman in Export & Infrastructure Finance (WEXIF),’ she gave a comprehensive presentation
focusing on the empowerment of Emirati women in the economic sectors and their distinguished
presence in the business, investment and trade communities at the local, regional and
international levels. She further complimented the UAE’s innovative approach to advancing
women’s status in the corporate world and providing chances that are equitable and gender
balanced.

H.E. Al Mazrouei said, “The UAE is dedicated to realising the fifth sustainable development
goal of the UN, which is gender equality. The UAE Gender Balance Council’s role is essential in
advancing these efforts and advocating legislation and projects that promote women’s equal
access to all sectors, including We-Fi Initiative, which seeks to support women entrepreneurs
and broaden their access to financial goods and services.”

The two sessions also witnessed the participation of Magnus Montan, Chief Executive Officer of
Swedish Export Credit Corporation (SEK); Peter Boeskov, Chief Commercial Officer, Large
Corporates, Denmark’s Export and Investment Fund (EIFO); Elena Koritchenko, NZECA
Secretariat, United Nations Environment Programme Finance Initiative; Carl Burlock, Executive
Vice-President and Chief Operating Officer of Export Development Canada (EDC); Nanette
Bubik, Head of Export Finance, Landesbank Baden-Wurttemberg (LBBW); John Meakin,
Global Head of Export and Agency Finance, JP Morgan. The conference also witnessed the
active participation of the world’s renowned industry experts and representatives of major export
credit companies and banks.

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