Suitors circle Sanjeev Gupta’s GFG as Greensill Capital files for insolvency; ECB asks banks for details on Greensill Capital exposure; ITFA backs supply chain finance amid raised concerns

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:

• The World Bank has approved a $440 million loan to support Egypt’s initiatives to enhance the safety and service quality of the country’s railways.

• Sanjeev Gupta’s GFG Alliance is said to be on the brink of a potential fire sale as embattled finance firm Greensill Capital, its main source of funding, files for administration

• The International Trade and Forfaiting Association (ITFA) has released a statement backing supply chain finance as a "valuable tool to support the real economy", and reiterating how insurance is a reliable partner

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