Developing Robust Export Credit Agencies to Promote Exports
Almost all of world trade relies on access to trade finance. Yet in many countries there is a lack of domestic capacity in the financial sector to support trade, and also a lack of access to the international financial system. The impact of these limitations on a country’s trading potential can be very significant. Access to trade finance is therefore critical to increasing exports. Through the Sri Lanka Export Credit Insurance Corporation (SLECIC), the Sri Lanka Government requested technical assistance from the Commonwealth Secretariat to enhance the international competitiveness of Sri Lanka’s exports and improve the effectiveness of export credit insurance in export development.