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Bangkok Post

Business

Exim Bank promotes risk hedging amid choppy seas

Exim Bank Insurance Pandemic Russia Nexi United States

Mr Rak says that the cooperation with Nippon Export and Investment Insurance (Nexi) is another mission of Exim Bank as a state-owned specialised financial institution under the supervision of the Ministry of Finance.

The lingering effects of the pandemic and the Russia-Ukraine war could exacerbate the risk of non-payment for goods, says Rak Vorrakitpokatorn, president of the Export-Import (Exim) Bank of Thailand.

As predicted by the world's leading insurance agencies, there could be a 14% annual uptick in the number of bankruptcies this year because of the effects of the prolonged pandemic and Russia-Ukraine hostilities, said Mr Rak.

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