SACE


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SACE

The Italian export credit agency.

Servizi Assicurativi del Commercio Estero

An export credit agency (ECA) in Italy. It provides a wide range of export credit and advisory services, and especially extends credit for trade with Africa and the Balkans. Like other export credit agencies, SACE is controversial; critics allege that ECAs negatively impact international development, as developing countries cannot compete with insured exports. Proponents of ECAs argue that they enable developing countries to import products they otherwise would not be able to afford.
References in periodicals archive ?
SACE and the banks intend to initiate a collaboration, consistent with applicable regulations and the restoration of the payments system, to identify short- and medium/long- term projects of mutual interest and to develop the insurance-financial structures best suited to support them.
40 million) Musataha Agreement (the right to build and retain a building) with Abu Dhabi Ports in May 2015; and with the support of SACE will establish a fully automated production plant utilising cutting-edge Italian technology to manufacture intricate equipment in various formats and metallurgies.
Alessandro Castellano CEO of SACE, added, ''Khalifa Port is an expression of the economic and industrial diversification strategy of the Emirate of Abu Dhabi to which Italian companies can contribute with their know-how in key sectors for the Emirate economy'' .
With this initiative we confirm our support to the innovation capabilities and international competitiveness of FCA and the hundreds of Italian SMEs active in the automotive sector," declared Alessandro Castellano, CEO of SACE.
The Project Lead Manager at SACE Victoria Mwirichia said the Foundation has succeeded in addressing the misconception pertaining to China-Africa relations.
The SACE subject Research Project aims to provide students the opportunity to study an area of interest in depth.
The Fortress Interlocks design team has worked closely with ABB to develop an interlock suitable for use on the SACE Emax circuit breaker.
Financing for the project is expected to be provided by a variety of sources, including the Inter-American Development Bank, Export-Import Bank of the United States, Export-Import Bank of Korea, SACE and IFC.
Italy's export credit agency SACE guaranteed $1 bn in loans extended to the Blue Stream JV by a syndicate of Mediocredito Centrale and Banca Commerciale Italiana.
The group singled out Italy's SACE regulations that assure export credits.
The finance line was underwritten by the Italian state export agency, SACE, and has allowed work to begin on the projects by Italian steel plant-making company, Danieli, which has become increasingly active in the Middle East over the last few years, especially in Egypt.