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Export Credit Agencies
An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions and guarantees for financing. The financing can take the form of Credit (finance), credits (financial support) or credit insurance and guarantees (pure cover) or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two. ECAs currently finance or underwrite about US$430 billion of business activity abroad – about US$55 billion of which goes towards project finance in developing countries – and provide US$14 billion of insurance for new foreign direct investment, dwarfing all other official sources combined (such as the Wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Finance
Trade finance is a phrase used to describe different strategies that are employed to make international trade easier. It signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade. Trade finance manifests itself in the form of letters of credit (LOC), guarantees, or insurance, and is usually provided by intermediaries. Description While a seller (or exporter) can require the purchaser (an importer) to prepay for goods shipped, the purchaser (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks may assist by providing various forms of support. For example, the importer's bank may provide a letter of credit to the exporter (or the exporter's bank) providing for payment upon presentation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central And Eastern Europe
Central and Eastern Europe is a geopolitical term encompassing the countries in Baltic region, Northeast Europe (primarily the Baltic states, Baltics), Central Europe (primarily the Visegrád Group), Eastern Europe, and Southeast Europe (primarily the Balkans), usually meaning former communist states from the Eastern Bloc and Warsaw Pact in Europe, as well as from former Yugoslavia. Scholarly literature often uses the abbreviations CEE or CEEC for this term. The OECD, Organisation for Economic Co-operation and Development (OECD) also uses the term "Central and Eastern European Countries" (CEECs) for a group comprising some of these countries. This term is sometimes used as an alternative to the term "Eastern Europe," for more neutral grouping. Definitions The term ''CEE'' includes the Eastern Bloc (Warsaw Pact) countries west of the post-World War II border with the former Soviet Union; the independent states in former Yugoslavia (which were not considered part of the Eastern b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Trade Insurance Agency
The African Trade & Investment Development Insurance (ATIDI) is an investment, trade and political risk-mitigation institution on the African continent intended to provide insurance against political (investment) and commercial risks in order to attract foreign direct investment to the region. ATIDI was founded in 2001 by seven COMESA countries, with technical and financial backing of The World Bank. ATIDI is Africa's only multilateral investment and credit insurer and as of 31 December 2023 it had supported trade and investments into Africa valued at over USD85 billion since inception. ATIDI facilitates partnerships between African countries, lenders, investors, traders and insurers by providing Political (Investment) Risk Insurance to lenders and investors and also (Trade) Credit Insurance and Surety Bonds to commercial bank lenders and private sector traders of goods and services. History ATIDI was created in 2001 as African Trade Insurance Agency (ATI), to help drive m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OPEC
The Organization of the Petroleum Exporting Countries (OPEC ) is an organization enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize Profit (economics), profit. It was founded on 14 September 1960 in Baghdad by the first five members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. The organization, which currently comprises 12 member countries, accounted for 38 percent of List of countries by oil production, global oil production, according to a 2022 report. Additionally, it is estimated that 79.5 percent of the world's proven oil reserves are located within OPEC nations, with the Middle East alone accounting for 67.2 percent of OPEC's total reserves.Organization of the Petroleum Exporting Countries. (2023). ''OPEC Annual Statistical Bulletin'' (58th ed.), 90 pages. Retrieved from https://asb.opec.org/. ISSN: 0475-0608. (See pages 7 and 22). In a series of steps in the 1960s and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nordic Development Fund
The Nordic Development Fund is the joint multilateral development finance institution of Denmark, Finland, Iceland, Norway and Sweden. It was established in 1989 and adheres to the development assistance policies of the Nordic countries and has financed 190 development assistance credits valued at EUR 1 billion. The NDF provides grants to climate change related investments under its new mandate, established in 2009. NDF offices are located in Helsinki, Finland. The objective of the Nordic Development Fund's (NDF) operations is to facilitate climate change investments in low-income countries. NDF Grant (money), grants are made in cooperation with bilateral and multilateral development institutions. NDF’s operations mirror the Nordic countries’ priorities in the areas of climate change and poverty reduction. The operations are financed from the development cooperation budgets of the five Nordic countries. References See also *Nordic Investment Bank Nordic organization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CAF – Development Bank Of Latin America And The Caribbean
CAF - Development Bank of Latin America and the Caribbean, formerly the Andean Development Corporation (or Corporación Andina de Fomento), is a Caracas based development bank whose mission is to promote sustainable development and regional integration in Latin America and the Caribbean, through the financing of projects of the public and private sectors, the provision of technical cooperation and other specialized services. Established on February 7, 1968, it commenced operations in June 1970. Currently composed of 23 countries from Latin America, the Caribbean, Europe, and 13 private banks, it stands as one of the principal sources of multilateral financing and a significant knowledge generator for the region. CAF is a multilateral financial institution whose mission is to support the sustainable development of its shareholder countries and regional integration. It serves the public and private sectors, providing multiple financial products and services to a broad client portfol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inter-American Development Bank
The Inter-American Development Bank (IDB or IADB) is an international development finance institution headquartered in Washington, D.C., United States of America. It serves as one of the leading sources of development financing for the countries of Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic, social, and institutional development and regional integration by lending to governments and sub-national agencies, developing new financial tools, creating enabling conditions for private-sector-led growth, convening and aligning countries around common interests, and bridging the region with the rest of the world. The IDB also provides extensive technical assistance to its borrowing member countries. It works across a range of sectors, including infrastructure, health, education, energy, citizen security, environmental sustainability, trade, transportation, housing, and small businesses. It works in conjunction with IDB ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latin America
Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geography, and as such it includes countries in both North and South America. Most countries south of the United States tend to be included: Mexico and the countries of Central America, South America and the Caribbean. Commonly, it refers to Hispanic America plus Brazil. Related terms are the narrower Hispanic America, which exclusively refers to Spanish-speaking nations, and the broader Ibero-America, which includes all Iberic countries in the Americas and occasionally European countries like Spain, Portugal and Andorra. Despite being in the same geographical region, English- and Dutch language, Dutch-speaking countries and territories are excluded (Suriname, Guyana, the Falkland Islands, Jamaica, Trinidad and Tobago, Belize, etc.), and French- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IsDB
Integrated Services Digital Broadcasting (ISDB; Japanese: , ''Tōgō dejitaru hōsō sābisu'') is a Japanese broadcasting standard for digital television (DTV) and digital radio. ISDB supersedes both the NTSC-J analog television system and the previously used MUSE Hi-vision analog HDTV system in Japan. An improved version of ISDB-T ( ISDB-T International) will soon replace the NTSC, PAL-M, and PAL-N broadcast standards in South America and the Philippines. Digital Terrestrial Television Broadcasting (DTTB) services using ISDB-T started in Japan in December 2003, and since then, many countries have adopted ISDB over other digital broadcasting standards. A newer and "advanced" version of the ISDB standard (that will eventually allow up to 8K terrestrial broadcasts and 1080p mobile broadcasts via the VVC codec, including HDR and HFR) is currently under development. Countries and territories using ISDB-T Asia * * (officially adopted ISDB-T, started broadcasting in di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Development Bank
The Islamic Development Bank (, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. There are 57 shareholding member states with the largest single shareholder being Saudi Arabia. History It was founded in 1973 by the Finance Ministers at the first Organisation of the Islamic Conference (now called the Organisation of Islamic Cooperation) with the support of the King of Saudi Arabia at the time ( Faisal), and began its activities on 3 April 1975. On 22 May 2013, IsDB tripled its authorized capital to $150 billion to better serve Muslims in member and non-member countries. The Bank has received credit ratings of AAA from Standard & Poor's, Moody's, and Fitch. Saudi Arabia holds about one quarter of the bank's paid up capital. The IDB is an observer at the United Nations General Assembly. Membership The present membership of the Bank consists of 57&nbs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
