The growth and role of export credit agencies in export support
The growth and role of export credit agencies in export support

Summary/Abstract: The policy of state interference aimed at supporting export is continuously being expanded. Export credit agencies (ECAs) provide government-backed loans, guarantees, and insurance to corporations working internationally. This support plays critical role in providing access to capital, especially in developing countries. Due to the fact that officially supported export credits may seem controversial, we should pay attention to the role and importance of export credit agencies in export supporting mechanisms. The paper aims at highlighting the role of export credit agencies in supporting exports in the context of the binding OECD Agreement and intensified activities of agencies from non-OECD countries. Our analysis has shown that the activities of ECAs that consist in providing a level playing field for the competition in international market are justified. However, developed countries within the framework of OECD or WTO should get more involved in negotiations with non-OECD countries in the area of complying with the rules governing official export support

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