Why does an explicit ‘full faith and credit’ guarantee from the state matter for the impact of export credit agencies, especially young ones?
Export credit agencies fill trade finance gaps, but their impact depends on comprehensive government backing, including the ‘full faith and credit’ of the state: an explicit, irrevocable legal commitment to accept the agency’s liabilities as government obligations. The authors recommend that countries with relatively young agencies, such as Ukraine, Armenia and Malawi, establish a full guarantee together with an efficient legal set-up, sufficient capital and sound risk management.
Can free trade agreements backed by export credit agencies give the EU a resilient answer to protectionism, conflict and trade policy uncertainty?
How do European export credit agencies finance digital infrastructure and services abroad, and what reforms would make them enablers of partners’ digital transformation?
How do multilateral and plurilateral trade agreements shape the room African countries have to design their own trade policy?
