The agreement with the Paris Club is one step in the indebted country's debt negotiations with the World Bank and the IMF (International Monetary Fund). The agreement gives the country an opportunity to regain its footing, so that trade with the country can continue.
Since 1956, the Paris Club has been involved with more than 400 agreements with nearly 90 countries representing a total value of some USD 500 billion.The Berne Union
In the Berne Union, EKF works with public and private credit insurers from around the world on the conditions applicable to credit insurance. This cooperation helps strengthen EKF's networks and increase our expertise. It benefits Danish companies in the shape of fairer competition and better opportunities for investing abroad.
Read more about the Berne Union.World Trade Organization (WTO)
In the WTO, the member states agree on rules for government subsidies and tariff barriers which inhibit free international trade. The WTO, OECD and EU have signed an international agreement aimed at creating equal conditions for the countries' export credits. Banks, exporters and foreign buyers must comply with the rules when concluding agreements on financing export transactions. EKF does not participate in WTO meetings, but follows developments and discussions relating to export credits.Cooperation with other export credit agencies
EKF cooperates with other countries' export credit agencies on reinsurance agreements and experience exchange.
The reinsurance agreements facilitate matters for export companies involved in projects with deliveries from several countries. With these transnational reinsurance agreements, it is enough to sign a guarantee agreement with a single export credit agency, which then reinsures sub-deliveries with other export credit agencies. The reinsurance agreements will typically be used in connection with large-scale projects.
EKF enjoys particularly close cooperation with export credit agencies in the Nordic countries. We meet each year to share knowledge about our business procedures and products, so that we can continuously improve our export assistance to Danish companies.