Last Updated July 17, 2009
Nordic ECAs lend their support
Commercial banks’ reluctance to extend credit is creating big opportunities for export credit agencies (ECAs), who are filling the gap for much-needed export finance. ECAs operating in the export-dependent Nordic region have stepped in, essentially with programmes for short-term lending of working capital, credit guarantees aimed at small and medium enterprises (SMEs), and by raising the ceilings for their business volumes. Shannon Manders reports.
