Improving the Role of Eximbanks/ECAs in the OIC Member States
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4.3 Status and Corporate Form of OIC ECAs
ECAs vary across OIC member countries with respect to their status and corporate form, ranging
from privately owned companies with no government ownership and those with state/private
ownership with government holding majority or minority shares to fully government owned
companies, agencies and programs.
Table 3 below provides the status and corporate form for each entity as defined by their
respective jurisdictions.
Table 3: Status and Corporate Form of ECAs
COUNTRY ECA STATUS CORPORATE FORM
Nigeria Nigerian Export-Import Bank
(NEXIM)
100% government
ownership
State-owned
Company
Senegal National Co. for Credit
Insurance and Guarantee
(SONAC)
Government and
private (majority)
ownership
Public Company
Algeria Compagnie Algérienne
Assurance et de Garantie des
Exportations (CAGEX)
Public and private
ownership
Public Corporation
Bahrain Export Credit Guarantee
Programme under Bahrain
Development Bank
Program under
Bahrain
Development Bank
Other – Program
Egypt Export Development Bank of
Egypt (EDBE)
Public and private
ownership
Joint-Stock Company
Export Credit Guarantee
Company of Egypt (ECGE)
Public (majority)
and private
ownership
Joint-Stock Company
Jordan Jordan Loan Guarantee
Corporation (JLGC)
Government and
private ownership
Public Shareholding
Company
Lebanon The Lebanese Credit Insurer
(LCI)
Private ownership Private Company
Morocco Société Marocaine d'Assurance
à l'Exportation
Public and private
ownership
Mixed Company
Oman Export Credit Guarantee
Agency of Oman (ECGA)
100% government
ownership/governm
Closely-held Company