Export Credit Agency (ECA)

Export Credit Agencies (ECAs) are government entities that offer financial assistance and risk management to domestic companies engaging in export activities.

Prominent ECAs include U.S. Export-Import Bank, Germany’s Euler Hermes, Japan’s NEXI, and the UK’s UKEF. ECAs support by providing loans, guarantees, and insurance.

ECAs mitigate risks such as non-payment and political instability. They assist exporters by covering costs of production and shipment, thus enabling businesses to enter new markets confidently.

Businesses supported by ECAs often produce tools, machinery, electronics, and infrastructure projects. ECAs facilitate international trade growth and economic development.