Equador's government is to introduce a new export loan insurance programme backed by French-based trade insurer Coface.
State export promotion agency Corpei will administer the new export credit programme in conjunction with Coface, which operates in 56 countries with a worldwide client base of over 83,000.
Coface's two core businesses are credit insurance (domestic and export) and credit management services (credit information, trade receivables ratings, management and recovery).
According to Coface's Andean region manager Walter Burke, the introduction of export insurance will protect companies from the non-payment of bills and allow exporters to "benefit from foreign market opportunities, limiting the risks to specialists."
Source: La Hora
