Scipion demonstrates the impact and necessity for continuing Trade Finance during COVID-19

6 April 2020
Category: Business | Funds

Scipion Capital and its trade finance partners are playing a key role in financing vital equipment supplied to the Italian Government.
Italy has been one of the hardest hit nations by COVID-19 and Scipion is working with one of its UN-approved borrowers to supply protective face masks, suits, gloves and goggles to the Italian government with the first planes leaving for Italy this weekend.
The first shipment is 4.1m masks, with the balance of the contracts being completed over the coming weeks.
This trade demonstrates the positive impact of targeted trade finance which is keeping the international supply of vital goods (food as well as medical supplies) moving at this time of unprecedented global uncertainty.