Improving the Role of Eximbanks/ECAs in the OIC Member States
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a significant need for capacity building and institutional strengthening both for those OIC
countries with ECAs, as well as those without such facilities that seek to establish them. There is
significant scope for improving governance (one of COMCEC’s main trade outcomes) of existing
ECAs to create more efficient, transparent, inclusive and accountable institutions. In this regard,
initiatives such as Aman Union for OIC insurers have played an important role in facilitating
training and information exchange. Focused support from COMCEC could be of significant benefit
towards supporting these efforts.
Targeting technical assistance to OIC member countries to build their export credit systems
warrants consideration. The use of a technical partner to help set up and manage the new ECA in
its early years is of crucial importance. A solution could be a technical cooperation partnership
between new ECAs and more advanced, such as ICIEC or Türk Exim, which have the model and
experience to do it. Alternatively it could come from externally in the form of funded technical
assistance from European or other donors.