export credit

Noun

Meaning

a credit opened by an importer with a bank in an exporter's country to finance an export operation

Hypernyms

Examples

Large Italian companies have requested 18.5 billion euros ($20 billion) in state-guaranteed loans to weather the coronavirus crisis, state-backed export credit agency SACE said on Saturday. Source: Internet

Mozambique LNG’s project financing includes direct and covered loans from eight export credit agencies (ECAs), 19 commercial bank facilities, and a loan from the African Development Bank, Total said in a statement. Source: Internet

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