Exports Credit Guarantee Department (ECGD)
Image credit ncbcp.org ZIMSEC O Level Commerce Notes: Insurance: Exports Credit Guarantee Department (ECGD)
- Also known as Export Credit Guarantee Corporation (ECGC)in Zimbabwe.
- Covers risk of non payment by importers due to:
- lack of foreign currency.
- Political instability.
- Outbreak of war.
- Overseas state interferences.
- Provides comprehensive policies to cover the whole of export businesses […]