Coface


Also found in: Acronyms.

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.
References in periodicals archive ?
La reforme des subventions de meme que les hausses des salaires conjuguees a des pressions sur le dinar nourriraient l'inflation qui ne devrait pas faiblir en 2018 ", dit la COFACE.
A propos du deficit budgetaire , la COFACE rappelle qu'elle " s'est fortement degradee depuis 2011, enregistrant des deficits publics consequents et une augmentation importante du niveau d'endettement ".
The IMF and S&P are leading providers of global credit benchmarks, policy advice and research to foster economic development and growth around the world, while the COFACE is the French credit rating agency which publishes quarterly risk assessments for 160 countries.
En 2015, la croissance tunisienne devrait s'accelerer (+3%) et progresser d'un demi-point par rapport a 2014, soutenue par une expansion de la production agricole et un renforcement de l'activite economique dans l'industrie, indique la COFACE dans sa note.
Toutefois, COFACE estime, dans sa Carte des risques pays dans le monde que le secteur touristique "devrait etre penalise par le risque securitaire a court terme".
COFACE operates differently, providing a guarantee to a commercial bank which then becomes the lender of record.
I am very grateful to Ex-Im Bank and COFACE and to our main suppliers Orbital and Arianespace for their support of this ground breaking transaction.
GE chairman and CEO Jeff Immelt, said, "We are proud of the investments we are making in France and in our partnership with COFACE.
Todays announcement follows a 2015 agreement, where COFACE agreed to provide a line of credit for 50 hertz global power projects manufactured in Belfort, France.
The latest downward revisions of sectorial evaluations "reflect the number of burdensome realities faced by industries; the most obvious of these factors is the slowdown in sales," Cofaces report notes.