Middle East Economic Survey

VOL. LII

No 6

9-Feb-2009

REGIONAL/GCC

ECA Use On MENA Projects To Rise As Crisis Constrains Banks

The use of export credit agencies (ECAs) had been in an uptrend in the MENA region in the last few years, as the increased size and rising cost of projects forced sponsors and their advisors to tap many different sources of funding (MEES, 4 and 18 February 2008). However, with the escalation of the credit crisis, international banks, which have provided the bulk of cash to...