Export Credit Agency (ECA)

An Export Credit Agency (ECA) is a government-backed institution that helps domestic companies sell their products and services abroad. ECAs provide financial support, such as loans, guarantees, and insurance, to mitigate the risks of international trade. By doing so, they make it easier for businesses to enter foreign markets, encouraging exports and promoting economic growth. ECAs often assist in situations where private banks may hesitate to lend, especially in emerging markets or for high-risk transactions. Essentially, ECAs help foster international trade by providing the necessary financial security and support to exporters.