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Export Credit Agency |
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Export Credit Agency An agency established by a country to finance its nation's goods, investment, and services, often offers political risk insurance. Export Credit Agency A private or semi-governmental body that extends credit to local exporters. ECAs also provide guarantees and insurance for exports, and occasionally for imports as well. Sometimes governments use ECAs to subsidize exporters and related businesses, but this is generally frowned upon in international circles. ECAs are controversial; critics allege that their existence negatively impacts 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The airline said the Indian government is not a guarantor and that it would be working with European Export Credit Agencies to acquire long-term funds with ICICI's assistance. The Global Export & Credit Finance Review 2006 will provide an in-depth analysis of the role that export credit agencies (ECAs), banks, project sponsors, contractors and service providers play in advancing and servicing world trade. Says, Lars Kolte, EKF's Managing Director, who is also President of the Berne Union (the world-wide organization of national export credit agencies ("ECA") and investment insurance agencies), "The cooperation between EKF and Sovereign has made it possible to make a deal where the Danish part is relatively small - below 20 pct. |
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