ECGD


Also found in: Acronyms.

ECGD

Export Credit Guarantee

A guarantee of payment made by an export credit agency (ECA). ECAs are government or semi-government agencies that provide guarantees and insurance for exports, and occasionally for imports as well. An export credit guarantee ensures that an exporter receives payment for goods shipped overseas in the event the customer defaults, reducing the risk to the exporter's business and allowing it to keep its prices competitive. The use of export credit guarantees is controversial; critics allege that their existence negatively impacts international development, as developing countries cannot compete with such insured exports. Proponents argue that they enable developing countries to import products they otherwise would not be able to afford.

ECGD

see EXPORT CREDIT GUARANTEE DEPARTMENT.
References in periodicals archive ?
Following the privatization, the ECGD focused on medium- and long-term needs.
The letter said, ``If the Government were to abolish ECGD or to curtail its operations, the effect on UK manufacturing would be disastrous.
The ECGD is backing the construction of four coal-fired power plants in China and an enormous coal-fired plant in India.
The use of the DataDirect drivers was a key component in achieving a successful implementation of a project which has a key role in streamlining ECGD's business processes," said Linda Woods, IT director at ECGD.
The company offers its rural bridge programme for developing countries under the ECGD, which gives assistance to developing countries.
CPL managing director Graham Clarke said the support from UKTI and ECGD had been essential to avoid lay-offs at the mine.
Next time we hear another green initiative from this bunch of bandwagon jumpers let's think of the ECGD along with the eco-towns New Labour want to impose up and down the country, on Green Belt land.
As part of the cost-cutting plans, the ECGD is to cut the number of staff it has nationally from 340 to 268.
Mr Cridland said: "The ECGD is vital to business but, sadly, it has been left to wither on the vine for the past four years.
Negotiations with the British government's ECGD also fell through.
Commercial debt was from Nat West with additional debt from ADB and political risk guarantees from ECGD, ADB and the World Bank.
with a similar comment applying in the case of export trade credit insurance Exports from the UK to other EU countries exceed EUR 300 billion Cover for political risks plays a relatively important role in the UK market As the provider of public export credit guarantees, the ECGD has expanded its cover in recent times Factoring as a complementary / substitute product The UK plays host to the largest factoring market in Europe Underwriter market shares ACE, AIG, CIFS, HCC International, Markel and QBE are among the main challengers to the big three.