APICORP launches $500m package amid COVID-19, oil woes; $3bn coal power plant to be built in Zimbabwe; Ireland's Covid-19 fund for SMEs called into question

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 Arab Petroleum Investments Corporation (APICORP) has launched a $500 million countercyclical support package to help its energy sector members mitigate the impact of COVID-19 and oil price fluctuations

• A $3 billion coal power plant is set to be constructed in Nothern Zimbabwe by Rio Energy, which will partner with China Gezhouba Group Corp in funding and developing the project.

• The Irish Government’s €200 million COVID-19 working capital fund for small businesses has seen a muted level of drawdowns amid concerns that the programme is not fit for purpose

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