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 ?
It is expected that the Arab Investment and Export Credit Guarantee Corporation, the General Authority for Investment and Free Zones, and the Investment Promotion Foundation in Lebanon are expected to be included in these commissions.
Nasr also met with Fahd El-Rashid, General Manager of the Arab Investment and Export Credit Guarantee Corporation (Dhaman), where they discussed supporting and encouraging Egyptian exporters to boost their exports to Arab and non-Arab countries.
Muscat: There are risks associated with the decline in oil prices but this has not much hindered exports from Oman and export credit schemes, said the acting general manager of the Export Credit Guarantee Agency of Oman (ECGA).
cotton programs and the General Sales Manager (GSM) 102 export credit guarantee program available to a range of agricultural commodities.
The report issued by Arab Investment and Export Credit Guarantee Corporation (DHAMAN), said the inter-Arab direct investment amounted to USD 12.
The ratings take into account the established presence of the promoters in the African pharmaceutical markets with growing number of product registrations in these markets, WHO-GMP certified manufacturing facility, export incentive in the form of Focused Market Scheme (FMS) and entire exports covered by the Export Credit Guarantee Corporation of India.
Summary: The Arab Investment & Export Credit Guarantee Corporation estimated that Arab investments in Lebanon reached $3.343 billion in 2007, up 47.5 percent from $2.267 billion in 2006, and an 87.8 percent rise from $1.780 billion in 2005.
export credit guarantee program and AMS limit extend to all major program crops.
His comments ( Daily Post, January 14) made no mention of the complicity of our own country in arming Iraq, or of how government minister David Mellor trebled Export Credit Guarantee monies to Saddam three weeks after he had gassed the Kurds at Halabja.
The Dubai Government-owned airline explained that the deal was structured as part of a 10-year finance lease arranged by the French bank and guaranteed by Britain's Export Credit Guarantee Department, Germany's Hermes and France's COFACE.
The company announced it had received a letter of interest from government agency Atradius Dutch State Business confirming its support under the Dutch export credit guarantee scheme (ECA cover).
Muscat: In an initiative to facilitate and simplify the technical and administrative procedures for entrepreneurs and promote public private partnership, Al Rafd Fund and Export Credit Guarantee Agency (ECGA) of Oman have signed a memorandum of understanding (MoU) for cooperation.

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