US Offers Credit Guaranteed for Exports to Eurasia
WASHINGTON – The US Department of Agriculture has announced the availability of the following credit guarantees for sales of US agricultural commodities under the Commodity Credit Corporation's Export Credit Guarantee Program for fiscal year 2008:
16 January 2008
1 minute read
The total Amount Available is $110 million and the geographical Area covered includes Armenia, Azerbaijan, Georgia, Kazakhstan, Mongolia, Russia, Ukraine and Uzbekistan
The GSM-102 program helps ensure that credit is available to finance commercial exports of US agricultural products to developing countries, while providing competitive credit terms in these countries. Under this program, the Commodity Credit Corporation (CCC) reduces the financial risk to lenders by guaranteeing payments due from approved foreign banks to exporters or financial institutions in the United States.
Commodity Allocations
Exporters may apply for credit guarantees on a first-come, first-served basis. These guarantees are to cover sales of ALL commodities to:- Armenia
- Azerbaijan
- Georgia
- Kazakhstan
- Mongolia
- Ukraine
- Uzbekistan
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