Improving the Role of Eximbanks/ECAs in the OIC Member States
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2. The effective management of internal operations is reliant upon the existence of
sound systems, availability of appropriate management and staff and the ability of an
ECA to exercise autonomy when it comes to policy design and operations management.
3. A critical factor that is likely to affect ECAs is the nature of relations with the
government. When an ECA is unduly influenced by national government in the arena of
policy-making, determining its business approach or overall management, the institution
is unable to serve its clients (exporters) or contribute to equilibrium with a specific
market.
4. The financial instrument used by ECAs, namely the explicit or implicit guarantees of the
national government, is reliant upon the acceptance of the ECA’s credit rating in the
market. Without this, an ECA is unable to influence conditions in the market and address
existing market gaps.
5. The raison d’être of ECAs is to identify and address market gaps and needs. Thus, a
disconnect with market conditions which is manifested in the nature of an ECA’s
approach and product offerings compromise the institution’s ability to exercise its
mandate and achieve its objectives.