Changing markets for export credit agencies: China, private sector ECAs

(Ex-Im Bank, Washington, June 2006) Over the past year, OECD ECAs have regularly cited emerging market ECAs as serious competition for them, particularly since they do not have to follow the Common Approaches recommendation on environmental and social standards. Who are these emerging ECAs? The US Ex Im Bank has produced some useful basic descriptions of Chinese, Indian and Brazilian ECAs and their activities, noting that the Chinese appear to generally follow OECD Arrangement guidelines. A recent World Bank Global Development Finance report highlights the trend toward private sector ECAs