Improving the Role of Eximbanks/ECAs in the OIC Member States
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The range of products includes post-shipment financing of exports through bills discounting
with the commercial banks at concessional interest rates. In addition, ECGA offers guarantees to
commercial banks for pre-shipment financing to exporters for working capital requirements so
as to meet and enhance the opportunity for their export sales. ECGA also offers the standard
export and domestic credit insurance products, as well as debt recovery services and credit
information advice.
ECGA is a member of the Prague Club and the Aman Union and benefits from sharing
experiences with other ECA members. In addition, the Agency has also signed a number of
Memoranda of Understandings (MOUs) with many ECAs to promote cooperation through
information exchange, training and reinsurance. ECGA has two reinsurance treaties with
international reinsurers: quota share with Namur Re and excess of loss by Coface.
Analysis:
EGCA is a well-run and well-respected ECA. The reinsurance treaties is has in place are a
testament to its professionalism and quality of underwriting, as such arrangements suggest that
the reinsurers have confidence in the entity’s ability to assess and handle the business. (Unlike
facultative reinsurance which is single transaction insurance, wherein the reinsurer relies more
on the transaction risk, treaty reinsurance must put more confidence in the primary insurer’s
own systems and track record).
3.4.8 Qatar
Qatar Export Development Agency (TASDEER)
Description:
The Qatar Development Bank (QDB) launched the TASDEER program in 2011 with the objectives
of to developing and promoting exports from Qatar in international markets and providing
export credit guarantees and financial products and solutions to mitigate the risks imposed on
local exporters.
Export development and promotion services include developing the Qatar export strategy for
non-oil products, identifying products and target markets and providing trade information about
foreign markets and market entry studies for target markets. Moreover, TASDEER supports
participants in international and regional trade fairs.
All Qatari exporters are eligible for TASDEER support, regardless of the size of their export
contracts, the sector they represent and their turnover. However, TASDEER is particularly
focused on non-oil exports, helping them to improve their export performance and ultimately
increase national exports.
As an agency under QDB, TASDEER’s strategic direction comes from the Bank’s Board of
Directors which consists of seven members. Board members are representatives from
government departments and ministries with relevant experience in developing non-oil sectors
and are nominated by the Emir of Qatar.