01/03/1987:
Exports Credits and the Debt Crisis
Finance & Development, 01/03/1987
Export credits have long been a major source of external financing available to developing countries. Such credits finance imports of the debtor country; those extended or guaranteed by an agency of the creditor country government are referred to as officially supported export credits and are the subject of this article. Since the onset of the debt crisis and the resulting slowing in cross-border commercial bank lending, officially supported export credits have become more important in relation to other sources of external financing, but at the same time, the factors that limit these flows have become better recognized.