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Export Credit Agency |
Also found in: Acronyms, Wikipedia, Hutchinson | 0.04 sec. |
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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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export credit agency, said it would lend US$60 million to Lider Taxi Aereo, a Brazilian helicopter services company, to buy helicopters and equipment from Sikorsky, a U. gov) is the of official export credit agency of the U. Ex-Im Bank, the nation's official export credit agency, approved a new level of delegated authority designated as "High Plus," which allows qualified lenders to approve working capital loans up to $7. |
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