Abstract

The raison d’être and the primary mandate of official export credit agencies is to facilitate and promote national exports through the direct provision of export credits and/or the guarantee of privately financed transactions. At the same time, each agency operates within the objective that its activities be self-supporting over time. A clear distinction is generally drawn between export credit and cover facilities, which are to be provided on a commercial basis, and aid programs, which are intended to provide concessional finance for development.1