Turk Eximbank provides $79m reinsurance to UKEF; Eni to book $4bn asset writedown after cutting price outlook; World Bank approves $157m to protect Malawi’s watersheds

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Turk Eximbank has agreed to provide $79.2 million reinsurance support to UK Export Finance's energy projects in Iraq - the first such financing support by Turkey's ECA to a foreign counterpart

• Italian energy group Eni said it would write off around €3.5 billion ($4 billion) from the value of its assets after revising down its long-term outlook for oil and gas prices due to economic fallout from the COVID-19 crisis

• World Bank approves $157m to protect Malawi’s watersheds

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