There are now over 100 national export credit agencies, delivering approximately $215 billion in official export support to domestic firms’ exports of goods, services, and investments.
Figure 1 Total official export- and trade-related MLT activity (OECD and non-OECD)
This column argues that governments have a collective interest in revamping the rules to prevent an export credit subsidy war and a race to the bottom in terms and conditions. This could be done through the International Working Group on Export Credits and also by the European Commission setting a gold standard by more rigorously evaluating longer-term export credit activity.
Continue reading and find a few more bar charts. These are always welcomed by my preference for visual explanations!
Labels:
export_credit_agencies, export_credit_support, OECD,
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