What's an export credit agency?
Most countries world-wide have government-mandated export credit agencies (ECAs). Their purpose is to support and enable export trade for their country. Generally, ECAs provide government-backed finance solutions to businesses to help them grow exports.
What support can export credit agencies provide?
Each export credit agency is given a mandate by their Government outlining what support they are able to provide. This can include:
- direct Loans
- guarantees and bonds
- insurance products, including credit insurance and political risk insurance
- project and buyer finance.
For more information on Efic’s governance and how we work with the Federal Government click here.
How do export credit agencies work together?
The Berne Union is the leading global association for export credit agencies. Each year the Berne Union holds meetings providing a forum for ECAs to learn from their peers and discuss future trends in export financing and global trade.
ECAs can also work together to provide finance solutions on projects that involve respective countries.