The first technical workshop of the BRICS ECA Forum hosted in Moscow
On 1 and 2 of March 2016 EXIAR (EXIAR – part of the Russian Export Center Group) hosted the First Technical Workshop for the representatives of BRICS ECAs.
The Workshop was organized within the framework of the BRICS ECA Forum initiated and agreed by the BRICS ECAs during the St. Petersburg International Economic Forum, held in June 2015.
The main purposes of the event were the exchange of best practices and expertise, information sharing as to the main activities, and the development of organizational matters linked to the new platform.
During the two days the representatives of different departments of BRICS ECAs namely ABGF (Brazil), ECGC (India), SINOSURE (China), ECIC (South Africa) and EXIAR (Russia) discussed a wide range of topics: approaches of risk assessment and ratings, recoveries and debt collection, further to the potential possibilities of cooperation and assistance in recovery and access of buyers’ information.
BRICS ECA Forum Sherpa, Hanieh Ferdowsi, commented the event by emphasizing the increased influence of the BRICS format for further enhanced collaboration: “CEOs insisted not only on strategic cooperation but also on technical and working level exchanges of best practices and information flow. This first workshop was a very exciting experience for all of us and a unique platform for all staff of ECAs to learn more about each other”.
The next BRICS ECA Forum meeting will be that of the heads of ECAs which will be hosted under the Indian chairmanship of the BRICS Summit.
The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011. EXIAR's mission is to support Russian hi-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks. The Russian Export Center is the sole shareholder of EXIAR since the 10th of December, 2015. The agency's charter capital is RUB 43.5 billion. The State Specialized Russian Export-Import Bank (Eximbank of Russia) is a subsidiary of EXIAR.