Middle East Economic Survey


No 11


MEES Agenda

Middle Easts Substantial Funding Requirements Spurring ECA Renaissance

Export credit agencies (ECAs) were an early feature of Middle East project finance lending and were used to insure against political risk. But as projects began to come through to completion without hitch, ECA funding/insurance took a back seat as banks became comfortable in taking on Gulf project risk. Now, as Melanie Lovatt reports, ECAs are making a...