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Coface

   Also found in: Acronyms 0.01 sec.
Coface
The French Export Credit Agency.

Coface
A corporation in France that extends credit to French exporters. It was established by the French government and has subsequently been privatized. Coface also provides guarantees and insurance accounts receivable for exports, and it is known for providing information on country risk and other political risk matters. Like other export credit agencies (ECAs), Coface is controversial; critics allege that ECAs negatively impact international development, as developing countries cannot compete with such insured exports. Proponents of ECAs argue that they enable developing countries to import products they otherwise would not be able to afford.


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Agency for International Development, the Economic Development Corporation of Canada, COFACE of France, and Hermes of Germany.
The prestigious award is the result of a collaborative effort between COFACE, a public organization associated with the French Government, FIGARO, a major French newspaper, and France Bleu radio, all of whom collectively worked to analyze and review hundreds of companies in the region.
In addition, the Group realized a capital gain of EUR 89 million on the disposal of its equity interest in COFACE.
 
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