Export Credit Agencies Increasing Support for Trade

Authors

  • Alexey Valerievich Bezdenezhnykh Credendo – Ingosstrakh Credit Insurance LLC
  • Andrey Alexandrovich Bondarenko Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2021-10-77-86

Keywords:

Export credit agencies, ECAs, industrial policy, support of foreign trade and export, trade credit insurance, political risks insurance, export credit insurance, Basel regulations, bank guarantees, small and medium size business support

Abstract

Export credit agencies have existed for more than a century as a tool of supporting exports and trade. The number of crises since 2000 requested from ECAs to reconsider their toolkit used for supporting national economies. Thus, ECAs have been transforming from institutions initially engaged in mostly insurance operations into the ones providing both insurance and banking services, offering not only insurance coverage for export and import operations, but also the tools of supporting banks as well as direct financing and lending.

Author Biographies

Alexey Valerievich Bezdenezhnykh, Credendo – Ingosstrakh Credit Insurance LLC

Candidate of Economic Sciences
Place of work, post: CEO of Credendo – Ingosstrakh Credit Insurance LLC (2/1 Paveletskaya Square, Business Centre «Paveletskaya Plaza», Moscow, 115054), General Director

Andrey Alexandrovich Bondarenko, Russian Foreign Trade Academy

Candidate of Economic Sciences
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob’evskoe shosse, 6A), Department of Finance and Credit - Assistant Professor

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Published

2024-01-28

How to Cite

Bezdenezhnykh, A. V., & Bondarenko, A. A. (2024). Export Credit Agencies Increasing Support for Trade. Russian Foreign Economic Journal, (10), 77–86. https://doi.org/10.24412.2072-8042-2021-10-77-86

Issue

No. 10 (2021)

Section

Foreign trade activity