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3 - Export Credit Agencies

The Consequences of Non-Transparency

Published online by Cambridge University Press:  19 October 2023

Miriam Manchin
Affiliation:
Politecnico di Milano
Laura Puccio
Affiliation:
Université Libre de Bruxelles
Aydin B. Yildirim
Affiliation:
Eidgenössische Technische Hochschule Zürich
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Summary

This chapter sets out the challenges and controversies in public export financing in the EU. It puts forward a statement of the problem concerning the inadequacy of the international rule book in regulating Export Credit Agencies (ECAs) with a specific focus on non-transparency. The chapter then sets out what is known about the operation of ECAs internationally and in the EU, before highlighting what is unknown about both the market and the activities of ECAs. The chapter concludes with a call for greater data transparency to underpin international cooperation efforts to develop a more inclusive and sustainable legal framework to prevent a race to the bottom in the provision of subsidies in the form of public export finance and to promote the Sustainable Development Goals through the work of ECAs.

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Chapter
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Publisher: Cambridge University Press
Print publication year: 2023

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