Coface


Also found in: Acronyms.

Coface

The French Export Credit Agency.

Coface

A corporation in France that extends credit to French exporters. It was established by the French government and has subsequently been privatized. Coface also provides guarantees and insurance accounts receivable for exports, and it is known for providing information on country risk and other political risk matters. Like other export credit agencies (ECAs), Coface is controversial; critics allege that ECAs negatively impact 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.
References in periodicals archive ?
Coface said it is now able to strengthen its support to Greek businesses, by providing them with its recognized expertise in monitoring the credit-worthiness of millions of companies all over the world, and by protecting their commercial transactions.
Coface's social risk indicator is at its highest since 2010.
La moderation de la croissance en zone euro, principale partenaire commerciale de la Tunisie ne devrait avoir que peu d'effet sur l'activite en 2019, prevoit la Coface qui estime que la croissance devrait encore s'affermir.
Par ailleurs, la Coface estime que les reserves de change "continuent de s'eroder, mais a un rythme moins rapide, prevoyant une augmentation des IDE, "notamment grace la nouvelle loi d'investissement dans le secteur petrolier".
The ratings reflect Coface's very strong business profile in credit insurance, very strong 'capitalisation and leverage', and recovering profitability, after earnings were hit by adverse claims experience in 2016.
"Joining Coface at a time when the global organization has ambitious plans for the region is extremely exciting.
Data from Coface GCC Economic Outlook shows that non-oil real GDP growth of most of the Gulf countries will improve in 2018 compared to 2017 except Bahrain and Saudi Arabia.
Regarding oil, COFACE has anticipated that the price of a barrel of Brent will reach $ 65 on average in 2018, hence a positive revaluation of countries that export a lot like Nigeria and a penalty of importing countries such as Tunisia.
Seltem Iyigun, Chief Economist, Coface said that the Sultanate and the United Arab Emirates may lead growth in the Gulf region this year by 3.8 per cent, followed by Kuwait by 1.3 per cent.
by Times News ServiceSeltem Iyigun, Coface Economist for Middle East & Turkey.
The country's domestic appliances, metals and pharmaceutical sectors will be the fastest-growing ones while ICT and machinery will be the slowest growing ones, Coface said in its GCC Economic Outlook.
Coface, a world-leading credit insurer, has appointed Berna Keskin as the acting interim Country Manager for GCC.