Export Earnings Guarantee Schemes

Export earnings guarantee schemes in Global Commerce Policy

In this regard, export earnings guarantee schemes is: mechanisms usually aimed at ensuring that individual commodity producers or countries mainly dependent on export earnings from commodities are not exposed fully to sharp drops in their incomes. They are also known as compensatory financing arrangements. The entries on trade policy are here. Examples of such mechanisms were STABEX and SYSMIN, both operated by the European Community under the Lomé Convention. They have been replaced in the ACP-EC Economic Partnership Agreement by a scheme to support national budgets in defined cases. The IMF Compensatory and Contingency Financing Facility has a broader scope.[1]

Export earnings guarantee schemesin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Export earnings guarantee schemes” entry (OAS)

See Also