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 ?
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.
Ivonan ministers are in talks with Frances export credit guarantee service COFACE to allay some of those fears.
The loan is guaranteed by COFACE, the French Export Credit Agency, and Arianespace has been contracted by Hughes to launch Jupiter in the first half of 2012.
350 million will be financed through Export Credit Agencies (EDC of Canada and COFACE of France).
Export-Import Bank and through COFACE of France and HERMES of Germany, both export credit agencies.