Export Credit Arrangements in Capital Scarce Developing Countries

Since the emergence of Export Credit Agencies (ECAs) in and around the 1900s, they have underpinned the trade, industrial and economic expansion of many economies of the world. These institutions were at the heart of the industrial revolutions of advanced economies of the early 1900s and the emergence of many Asian economies, such as China and India. In this book, we highlight the evolution of ECAs globally and in developing countries, outlining the significant changes that have occurred, and present case studies of selected ECAs to elicit differential experiences and lessons, which will constitute the guiding principles for the revival or creation of ECAs in developing countries. These principles are particularly imperative as governments in Africa and elsewhere have either most recently established or are contemplating the establishment of ECAs. About the Authors Prof. Benedict Oramah is the President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank). He is a Professor of International Trade and Finance from Adeleke University and holds a Doctorate Degree in Agricultural Economics from the Obafemi Awolowo University Ile-Ife, Nigeria. Richman Dzene, the Special Assistant to the President and Chairman of the Board of Directors of African Export-Import Bank ("Afreximbank" or "the Bank"), is a seasoned professional in Economics, Policy, and Research.