Export Credit Guarantee

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 ?
In addition, as a part of the deal, Eolus has signed a power purchase guarantee with the Norwegian Export Credit Guarantee Agency (GIEK).
by Times News ServiceThe board of directors of Export Credit Guarantee Agency of Oman, Credit Oman, recently held its first meeting of 2018, wherein a number of topics related to credit insurance, export promotion, and manufacturers were discussed.
An export credit guarantee will be granted only for exports of goods of Lithuanian origin to countries where there is a high risk of non-settlement and will allow Lithuanian exporters to sell goods with a deferred payment option, covering up to 90 per cent of losses incurred due to the insolvency of the buyer.
Export Credit Guarantee Agency (Credit Oman) met today at Airport
The scheme will provide for support from the Export Credit Guarantee Company of Egypt, in which the EBE holds majority ownership, to partially cover and share transaction risk.
He pointed out that the company is seeking to expand in the African market during the coming period, where it was agreed with the Export Credit Guarantee Company to ensure the fight to enter the African market.
This policy note introduces the idea of establishing a public Export Credit Guarantee Scheme (ECGS) and explores if and how this policy measure could support the rebalancing of Myanmar's trade deficit.
Meanwhile, he welcomed the decision of the United States Department of Agriculture for the addition of Sudan to the export credit guarantee program, indicating the direct and indirect impact of the decision on increasing the exports and enabling the country to import high-quality production inputs to the industry for export.
Department of Agriculture's Foreign Agricultural Service (FAS) on Friday announced the addition of Sudan as eligible countries under the Africa Middle East Region for the Export Credit Guarantee Programme (GSM-102).
Similarly, in case of Export Credit Guarantee Corporation, the idea is to take the coverage beyond the current level of 7% (of exporters) to the global average of around 20%.
NNA - Under the patronage of His Excellency Omar Hassan Ahmad Al-Bashir, President of the Republic of Sudan, the Sudan Investment Forum, co-organized by the Ministry of Finance and Economic Planning, the Ministry of Investment, the Saudi Fund for Development, the Arab Investment & Export Credit Guarantee Corporation "Dhaman", and Al-Iktissad Wal-Aamal Group, will be held in the capital Khartoum on February 17 and 18, 2016.
Summary: Qatar is the Arab country that has invested the most in Tunisia during the first 10 months of the current year, according to the Arab Investment & Export Credit Guarantee

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