Improving the Role of Eximbanks/ECAs in the OIC Member States
5
Chapter 2 describes ECA facilities and features, discussing the typical risks and financing needs
within a typical export transaction and the range of instruments and facilities provided by ECAs.
Chapter 3 provides a general overview on the landscape of ECAs or similar programs in OIC
member countries. Because ECAs may share the same mandates, but have different operating
models and structures, this chapter provides an analytical framework for how an export credit
system can be evaluated, looking at the entire ecosystem of export credit support. For those OIC
countries with such entities, a description and assessment of the individual OIC ECAs is
presented.
Chapter 4 presents an analysis of various features of the OIC ECAs, comparing their date of
establishment, mandate, relationship with government, business models, facilities offered, levels
of activity and cooperation.
Chapter 5 provides more in-depth case studies of eight well-conceived, well-designed and well-
executed ECA programs sampled from OIC and non-OIC countries. These case studies are chosen
based on certain notable features of these ECAs. Following the case studies, a series of best and
worst practices of ECAs is presented. The section also highlights some common success factors
and challenges.
The final chapter presents key findings on lessons learned and practical recommendations to
both the governments and the ECAs themselves on improving existing and new ECAs.
Annex A sets out a Glossary of Terms. Annex B is a membership list of the OIC ECAs in various
associations. Annex C provides an Export Credit Health Assessment for two countries. Annex D
lists ECA data sheets and Annex E is a Step-By- Step to setting up an ECA.
1.2 The Importance of ECAs in International Trade
In a global context, ECAs also play a role of central importance in international trade and
investment flows. In 2013 alone, the members of the Berne Union, the International Credit and
Investment Insurance Association (which includes the activities of both public and private
insurers) insured USD 1.9 trillion in credit and investment. Figure 1 shows the trend in new
business volumes for the Berne Union membership between 2005 and 2013.