eksportkredittselskaper

Eksportkredittselskaper, also known as export credit agencies (ECAs), are financial institutions, typically state-owned or quasi-governmental, that support domestic exporters in their international trade activities. Their primary role is to mitigate risks associated with exporting goods and services, thereby promoting national economic growth and job creation.

These companies offer a range of financial products and services. This often includes export credit insurance, which protects exporters against non-payment by foreign buyers due to commercial reasons like insolvency or political events such as war, civil unrest, or currency inconvertibility. They may also provide direct lending or guarantees for loans extended by commercial banks to foreign buyers, making it easier for them to finance purchases from domestic exporters. Furthermore, some ECAs offer direct financing to foreign governments or companies for large infrastructure or development projects that involve the procurement of goods and services from their home country.

The activities of eksportkredittselskaper are crucial in leveling the playing field for domestic industries competing in global markets, especially against countries with similar support mechanisms. By reducing financial risks, they encourage businesses to undertake export ventures that they might otherwise deem too hazardous. This ultimately contributes to a stronger balance of trade and a more robust domestic economy. However, the operations of ECAs can also be subject to international scrutiny and debate regarding their potential impact on fair competition and their alignment with environmental and social standards.