First Guarantee from Eximbank to Foreign Export Support Institution

First Guarantee from Eximbank to Foreign Export Support Board
First Guarantee from Eximbank to Foreign Export Support Board

Trade Minister Ruhsar Pekcan stated that Türk Eximbank has provided a guarantee / reinsurance to a foreign export support organization for the first time since its foundation.


In his written statement, Pekcan stated that the guarantee cooperation agreements were signed between Türk Eximbank and the world's leading export credit institutions in order to diversify and increase the non-cash supports offered to exporters and exporters abroad.

In this context, Pekcan stated that a Cooperation Agreement was signed between Turkish Eximbank and UK Export Credit Organization UK Export Finance (UKEF) in 2017, within the scope of this cooperation, the guarantee and rate of Turkish goods in the first phase of the power plant projects of the British institution in Iraq. noted that he requested support.

by Turkish Eximbank will be built in Iraq will be held in Turkey for Power Plant Projects goods and services exports for the UK Export Credit Agencies to 79,2 million dollars in reinsurance / warranty support striking provide Pekcan, "So since Eximbank establishment of export of our country He provided a guarantee to a foreign export support organization for the first time for the purpose of the promotion. ”

Pekcan emphasized that with the reinsurance / warranty support provided, both companies' access to low-cost financing is facilitated and additional capacity has been created to provide funds to the works undertaken by export companies by Turkish companies abroad.

Each power plant to be built within the said Power Plant Projects is planned to contribute 750 MW to the interconnected grid system of the country. Turkish companies are also involved in the project in question.


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