COFACE

Acronym:

COFACE

Website:

http://www.coface.fr/

Country:

France

Address:

12 cours Michelet La Défense 10 92065 Paris La Défense Cedex

COFACE stands for Compagnie Française d'Assurance pour le Commerce Extérieur.

COFACE was the export credit agency for France since its foundation in 1946. It also offers private credit insurance globally. The entire COFACE group has an annual turnover of EUR 1,571 million, and a direct presence in 66 countries.

French state export guarantees management was transfered from the the Coface Group in 2015 to Bpifrance Assurance Export

Dodgy deals associated with COFACE

COFACE provided financing for the controvertial BTC pipeline and has been implicated in the Jaitapur Nuclear Power Plant. 37% of all COFACE guarantees between 2001 and 2008 went to the Aircraft company Airbus.

More information

2001 - 2008: who benefits from COFACE guarantees? This 2009 report from Les Amis de la Terre examines state guarantees made by COFACE over the course of eight years. Available in the original French or in English translation.