Export Credit Guarantee Corp.
Last updated on 29 Feb 2024
Key facts
ECGC is a wholly owned subsidiary of the Reserve Bank of Zimbabwe and is a duly registered short-term insurer.
PUBLIC
1999
Credit rating (sovereign) (S&P)
N/A
Foreign currency
Country trade data
2021 top export sectors
Stone and glass
33%
Metals
26%
Minerals
19%
Food products
15%
Textiles and clothing
2%
2022 export destinations
Financing modalities
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Products
- Protects Zimbabwe’s exporters from losses that may arise from a variety of commercial and political risks in export transactions
- Risks covered:
- Commercial: Insolvency of the buyer, his protracted default and non-acceptance of exported goods and insolvency and protracted default of the L/C-issuing bank
- Political: War, civil disturbance, moratorium, imposition of new import or exchange control regulations, transfer delays
- Domestic payments insurance: Covers buyer insolvency and protracted default are the commercial risks covered under the policy
- Construction bonds: Bid bonds, performance bonds, retention bonds, advance payment bonds, and maintenance bonds
- Customs bonds
- MSME credit guarantee scheme: Guarantees of bank loans to private-sector companies
- General insurance products, including home, auto, marine, golfers, and personal accident