Export Credit Guarantee Program (GSM-102)
E1002925
United States government program
agricultural export promotion program
export credit guarantee program
The Export Credit Guarantee Program (GSM-102) is a U.S. government initiative that encourages commercial financing of U.S. agricultural exports by providing credit guarantees to approved foreign buyers.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States government program
ⓘ
agricultural export promotion program ⓘ export credit guarantee program ⓘ |
| abbreviation | GSM-102 NERFINISHED ⓘ |
| administeredBy |
USDA Foreign Agricultural Service
NERFINISHED
ⓘ
United States Department of Agriculture ⓘ |
| alsoKnownAs | GSM-102 Export Credit Guarantee Program NERFINISHED ⓘ |
| appliesTo |
U.S. agricultural commodities
ⓘ
U.S. agricultural products ⓘ |
| beneficiary |
U.S. agricultural exporters
ⓘ
U.S. financial institutions ⓘ approved foreign buyers of U.S. agricultural products ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| covers | short-term credit ⓘ |
| designedFor | commercial, not concessional, export financing ⓘ |
| focusesOn | commercial financing rather than direct government loans ⓘ |
| fundingSource | U.S. federal government NERFINISHED ⓘ |
| guaranteeCoverage | portion of principal and interest due on the credit ⓘ |
| guaranteeType |
credit risk of foreign banks
ⓘ
repayment of credit extended to foreign buyers ⓘ |
| implementedBy | USDA regulations NERFINISHED ⓘ |
| involves |
credit guarantees issued in favor of U.S. financial institutions
ⓘ
repayment obligations of foreign banks to U.S. lenders ⓘ |
| legalAuthority | U.S. Agricultural Trade Act authorities ⓘ |
| objective |
facilitate access to credit for foreign buyers of U.S. agricultural goods
ⓘ
maintain and increase U.S. agricultural exports in foreign markets ⓘ |
| oversightBy | USDA Foreign Agricultural Service NERFINISHED ⓘ |
| policyArea |
agricultural trade
ⓘ
export promotion ⓘ |
| programType | guarantee program ⓘ |
| provides | credit guarantees ⓘ |
| purpose |
encourage commercial financing of U.S. agricultural exports
ⓘ
facilitate exports of U.S. agricultural commodities ⓘ reduce financial risk to U.S. exporters and financial institutions ⓘ |
| regulator | United States Department of Agriculture NERFINISHED ⓘ |
| relatedProgram | Intermediate Export Credit Guarantee Program (GSM-103) NERFINISHED ⓘ |
| requires |
approval of foreign banks by USDA
ⓘ
participation of eligible U.S. financial institutions ⓘ |
| riskMitigation |
mitigates non-payment risk by foreign banks
ⓘ
reduces country and commercial credit risk for U.S. exporters ⓘ |
| sector | agriculture ⓘ |
| supports |
U.S. agricultural export competitiveness
ⓘ
expansion of U.S. agricultural export markets ⓘ |
| targetMarket |
developing countries
ⓘ
emerging markets ⓘ |
| timeHorizon | short-term export credit ⓘ |
| typicalTenor | up to 18 months GENERATED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.