N° 2 - Is Export Credit Agency A Misnomer? The ECA Response To A Changing World

Changes in the global economic and financial markets and the increasing role of the private sector in the economy are among the factors triggering a change in the export credit insurance business model. 

Against this background, export credit agencies can stick to their traditional role of insurers of last resort and have a marginal (though well protected) role or change to become a global financial player helping growth and trade. The recent experience at SACE shows that the latter is a possible strategy, but is not without challenges and risks.