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| French
Equivalent: Crédit-export |
| Definition: |
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Export credits are government financial support, direct financing, guarantees, insurance or interest rate support provided to foreign buyers to assist in the financing of the purchase of goods from national exporters.
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| Context: |
A loan extended to finance a specific purchase of goods or services from within the creditor country. Export credits extended by the supplier of goods—such as when the importer of goods and services is allowed to defer payment — are known as supplier’s credits; export credits extended by a financial institution, or an export credit agency in the exporting country are known as buyer’s credits. (IMF, 2003, External Debt Statistics: Guide for Compilers and Users – Appendix III, Glossary, IMF, Washington DC. Available from
http://www.imf.org/external/pubs/ft/eds/Eng/Guide/index.htm).
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| Source
Publication: |
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Agricultural Policies in OECD Countries: Monitoring and Evaluation 2000: Glossary of Agricultural Policy Terms, OECD.
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| Statistical
Theme: International trade statistics |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Thursday, August 28, 2003 |
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