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Coface

   Also found in: Acronyms 0.03 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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CESCE and COFACE may also be involved, depending on eligible procurement, one of the bankers said.
Summary: French insurance company for foreign trade COFACE stressed Monday in Paris the stability of the financial and political situation as well as the favourable investment climate in Algeria.
Table 1: COFACE COUNTRY RATINGS A1: The steady political and economic environment has positive effects on an already good payment record of companies.
 
 
 
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