European Council Working Group on Export Credits (CWG)
SACE is part of the Italian delegation, led by the Ministry of Foreign Affairs and International Cooperation, that advocates for the interests of the Italian industry at the European Council Working Group on Export Credits (CWG). In collaboration with the DG Trade of European Commission, this institution coordinates all matters concerning export credit and implements the common trade policy of the European Union. The CWG meets monthly in Brussels to discuss major issues related to export credit at the European level and to determine the position that Europe will represent at the OECD on behalf of the EU Member States.
Our Agenda and the EU perspective
Export credit strategy
The Global Gateway is an EU initiative aimed at mobilizing up to €300 billion for sustainable projects by 2027. It focuses on international cooperation for societal and economic development, creating investment opportunities for the EU private sector. The strategy involves collaboration between the EU, its Member States, and their financial and development institutions. Key sectors include green energy transition, education, digital infrastructure, critical raw materials, and transports. The goal is to support smart investments in quality infrastructure, respecting high social and environmental standards. The strategy also aims to strengthen health, education, and research systems globally, aligning with the UN’s Agenda 2030 and the Paris Agreement on climate change.
Ukraine Support Facility
The EU Ukraine Facility is a European Union instrument created to provide predictable financial support to Ukraine during the period 2024-2027. This mechanism was established to support Ukraine’s macro-financial stability, recovery, and modernization reforms, as well as to ensure the continuity of essential public services and promote social cohesion and inclusivity within Ukrainian society.
The Facility is organized around three main pillars:
- Financial support for Ukraine: This includes grants and loans to address the financial needs of the Ukrainian state and support the reforms and investments necessary for the country’s recovery and modernization.
- Investment framework for Ukraine: Aims to attract and mobilize public and private investments for Ukraine’s reconstruction and recovery.
- Assistance programs for Ukraine: Provides technical assistance to the Ukrainian government and support to civil society.
The total budget of the Facility is 50 billion euros, with the goal of rebuilding vital infrastructure, revitalizing the economy, and facilitating Ukraine’s path towards sustainable development and EU membership.
