Blog IICA

GSM-102: Export Credit Guarantee Program

Start Date: 1981
End Date: N/A

Description

Program through which the Commodity Credit Corporation guarantees repayment when United States financial institutions extend financing to foreign financial institutions in support of commercial sales of United States agricultural commodities. The program seeks to increase exports, expand access to trade finance, and maintain long-term market opportunities.

Observations

The program has operated since 1981 and is administered by FAS. Guarantee amounts depend on program announcements, countries, regions, commodities, financial institutions, and approved applications. No aggregate budget is recorded because the guarantee represents contingent financial exposure and the supplied webpage does not present a single current amount equivalent to executed expenditure.

Action scope

Global

Evaluated

No

Stage

Implementation- Ongoing

Temporalidad

Long-term

Number of Years

N/A

Related elements

Budget in USD

Budget in USD
$0.00
Counterpart Budget
$0.00
Total Budget
$0.00
Annual Average Budget
$0.00

Institutions

Institutions Institutions rols
FAS: Foreign Agricultural Service, U.S. Department of Agriculture Execution and operation
CCC: Commodity Credit Corporation Financing-investor

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