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.