BNDES faces billions in losses from loans to Odebrecht, Trans-Oils receives $150m from DFIs and banks, and financial leaders launch Trade Club Alliance

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:

• Brazilian state-run development bank BNDES is facing losses of up to BRL14.6 billion reais ($3.5 billion) from loans made to conglomerate Odebrecht, which has been in bankruptcy protection since June

• Moldovan agricultural firm Trans-Oil has received a $150 million financing package from three development banks and six commercial lenders

• Financial leaders from banks around the world have launched the Trade Club Alliance to help businesses bolster global trade

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