The five export credit agencies of BRICS countries namely the ABGF (Brazilian Fund and Guarantee Management Agency), EXIAR (Export Insurance Agency of Russia), ECGC (Export Credit Guarantee Corporation of India Ltd), SINOSURE (China Export & Credit Insurance Corporation) and ECIC (Export Credit Insurance Corporation of South Africa Ltd) are all state owned agencies and Members of the Association of International Union of Credit & Investment Insurers which is also known as the Berne Union and the Prague Club. Whilst the rate of globalisation appears to continue....
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