Industrial Development Group (IDG) assists Companies in meeting their export and import finance needs by working with a number of Financial Institutions and Export Credit Agencies (ECAs) that provide Funding Support and Loan Guarantees. Some of the primary institutions engaged in these services by Geographical Region, include:
AFRICAN FUNDING SOURCES:
The African Development Bank:
The African Development Bank (AFDB) is the premier financial development institution of Africa. The Bank’s mission is to promote economic and social development through loans, equity investments, and technical assistance.
The African Export Import Bank:
The African Export Import Bank (AFREXIM Bank) extends direct credit to eligible African exporters by providing pre and post shipment finance as well as short-term credit and medium-term loans to African exporters and importers. The Bank also focuses on stimulating a consistent expansion, diversification and development of African trade while operating as a first class profit-oriented financial institution.
CHINESE FUNDING SOURCES:
Export Import Bank of China (China Ex-Im Bank):
The Chinese Export Import Bank, provide Chinese Companies with Export and Import Credit, Loans to overseas Construction Contracts and overseas Investment Projects, International Guarantee, Onlending loans of Foreign Governments and Financial Institutions, as well as a host of other support services.
LATIN AMERICAN AND THE CARIBBEAN FUNDING SOURCES:
The Inter-American Development Bank:
The Inter-American Development Bank, is the main source of multilateral financing for economic, social and institutional development in Latin America and the Caribbean. Its loans and grants help finance development projects and support strategies to reduce poverty, expand growth, increase trade and investment, promote regional integration, and foster private sector development and modernization of the State.
U.S. FUNDING SOURCES:
Export Finance Banks:
IDG works closely with a number of U.S. Export Finance Bank that are active in funding international transactions for Foreign Buyers and U.S. Exporters.
Export-Import Bank of the United States (Ex-Im Bank):
The Export-Import Bank of the United States (Ex-Im Bank) is a U.S. Government agency that help finances export sales of American goods and services through guarantees, loans, and export credit insurance.
The Overseas Private Investment Corporation (OPIC):
The Overseas Private Investment Corporation (OPIC) helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy.
In addition to Ex-Im Bank and OPIC, IDG can helps U.S. Companies evaluate their options with other U.S. Government agencies that provide financing for international ventures. These agencies include the U.S. Agency for International Development (USAID) and the U.S. Trade and Development Agency (TDA).
When traditional sources of export finance are not available to U.S. Companies, IDG can help them explore other alternatives, including factoring and forfeiting.