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2nd Meeting of Heads of BIRCS ECAs

News and Press Release - Dated:- 14-10-2016 - The 2nd Meeting of Heads of Export Credit Agencies of BRICS (BRICS ECAs) was held at New Delhi on October 13, 2016. The meeting was part of series of events being organised under the Chairmanship of India of BRICS Forum. It was organized parallel with meetings of BRICS Trade Ministers. The meeting was hosted by ECGC Limited, a premier Export Credit Agency of India. Heads of BRICS ECAs namely Marcelo Franco, CEO, ABGF (Brazil), Alexey Tyupanov, CEO, E .....

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upporting export credits and foreign investments. BRICS countries had a share of around 22 percentage of World Trade with a Total Exports of about USD 3.5 trillion in 2015. BRICS ECAs supported more than USD 473 billion of exports from the Member countries. Members exchanged notes about various credit insurance products, business sectors and major destinations covered by the group. Members also discussed business trends and the rising defaults and claims in the light of heightened political and .....

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at Russia were signed by the CEOs of BRICS ECAS. The next BRICS Heads of ECAs meeting will be hosted by SINOSURE, China under the chairmanship of China. The Brazilian Guarantees Agency (ABGF) was established in 2013 as a state-owned company under the Ministry of Finance. ABGF s mission is to manage state guarantee funds and to insure or provide guarantees against non-marketable risks in priority areas of economic and social interest. The Russian Agency for Export Credit and Investment Insurance .....

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