Export Credit Guarantee

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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 ?
However, over a similar period, from 2010 to 2016, it spent almost exactly the same - PS4.8 billion - in supporting fossil fuel projects through export credit guarantees from UK Export Finance.
Instruments such as export credit guarantees, loan guarantees, are particularly important for the development of large companies and for the establishment of new foreign markets.
It provides export credit guarantees, gives trade information for exporters and extends short and medium-term loans to Nigerian exporters, among other services designed to boost Nigeria's participation in international trade.
Generally speaking, export credit guarantees are an assurance to banks or other financial institutions that are willing to lend to exporting firms, providing safeguards to them against losses that could arise from financing international trade transactions.
Such export credit guarantees are an important part of a country's foreign trade promotion.
China Export and Credit Insurance Corporation also agreed to cover export credit guarantees for Chinese companies.
Banque Publique d'Investissement (BPI)is the entity expected to be tasked by the French state with managing and delivering, under the control of, for the account of and in the name of the French state, the export credit guarantees and insurances.
Step-2 payments and agricultural export credit guarantees for cotton were prohibited subsidies under WTO rules and should be withdrawn.
export credit guarantees continues under the fiscal cliff act through
Finnvera offers export credit guarantees to cover risks related to the
The facility covers letters of credit and export credit guarantees.
MANAMA: The wider use of export credit guarantees by Bahraini companies would play an important role in the kingdom's economic development goals, it was claimed yesterday.

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