Export Credit Guarantee


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Export Credit Guarantee

Guarantee from the UK Export Credit Agency.

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.
References in periodicals archive ?
Muscat, Dec 8 (ONA) The 6th annual meeting for Aman Union, hosted by the Sultanate, represented by Export Credit Guarantee Agency of Oman (ECGA) began at the Intercontinental Muscat Hotel today.
Implementing agency : Garanti Instituttet for eksportkreditt (GIEK) (The Norwegian Export Credit Guarantee Agency)
The agreement will see Deutsche Bank providing export credit guarantee programme GSM-102 to Ecobank Nigeria.
The Arab Investment and Export Credit Guarantee Corporation (Dhaman), a Kuwait-based pan-Arab organization and the world's first multilateral investment guarantee provider, compiled the statistics using the data received from 20 of the 22-country members of the Arab League.
LAHORE -- Small and Medium Enterprises Development Authority (SMEDA) has proposed an export credit guarantee insurance scheme, besides increasing the income tax exemption and decreasing corporate tax for SMEs in the upcoming federal budget.
India's Export Credit Guarantee Corporation (ECGC) says it has not stopped giving insurance coverage to shipments to Iran despite recent sanctions by the U.
Summary: The Arab Investment & Export Credit Guarantee Corporation (Dhaman) estimated foreign direct investment into Middle East and North African (MENA) countries at $64.
Bahrain Development Bank (BDB) announced that it will offer export credit guarantee program in July after completing all procedures as part of the bank's support to small and medium enterprises in the kingdom.
Khartoum, May 9 (SUNA) - The Arab Investment and Export Credit Guarantee Corporation, its coverage estimated at 1.
These include the Arab Monetary Fund, Arab Economic and Social Development Fund, Arab Investment and Export Credit Guarantee Corporation, Arab Bank for Economic Development in Africa and the Arab Authority for Agricultural Investment and Development.
Caretaker Minister of Finance Mohammad al-Hussein said that participants include the Arab Monetary Fund, the Arab Fund for Economic & Social Development, the Arab Bank for Economic Development in Africa, the Arab Investment and Export Credit Guarantee Corporation, and the General Agency for Investment and Agricultural Development.
7 billion in 2009 from $95 billion the previous year, the Kuwait-based Arab Investment and Export Credit Guarantee Corp.

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