Improving the Role of Eximbanks/ECAs in the OIC Member States
130
Private Sector Involvement
Summary Assessment:
Türk Eximbank has a long history of working with Turkish and foreign banks. Its current
strategy is to focus more on the Medium- and Long-Term Trade and Project Finance Programs
and Export Credit Insurance/Guarantee Programs, playing an active role as a catalyst to other
financial and related institutions. Türk Eximbank will concentrate on guarantee and insurance
programs and medium and long-term credits, shifting its focus to be more like the Europe ECAs,
which provide insurance to banks to lend, rather than lending directly. Türk Eximbank is the
major short-term credit insurer in Turkey but has been actively building up relationships with
the private insurers which have a local presence. The shift to providing more MLT guarantees
from being a direct lender means that Türk Eximbank is focusing more on catalyzing the private
sources of commercial finance.
Key Dimension Ratings: (1 – lowest, 10 – highest)
The export credit system works well with banks 8
ECA works well with private insurers 9
ECA actively encourages participation of private players 8
There is no displacing/impeding of the private sector 9