International cooperation
Risk Management & International Cooperation

Export Guarantee Fund of Iran, as the official State-run Export Credit Insurance institution (ECA) of Iran, carries out various risk management and international activities that are important from different aspects in order to provide optimal services to the country's exporters, the most important of which are:

•    Providing international consultancy services for the exporters and investors to facilitate and boost the export credit and overseas investment opportunities for Iranian traders through face to face and online negotiations with the applicants and exporters or investors 
•    Preparing full access to the most up-to-date specialized information and standards in the field of export credit insurance to other internal departments of the Fund as well as to those related government organizations and decision making bodies, which have a direct impact on the optimal performance of the Fund at the "world class" level.
•    Representing Iran's export credit and investment insurance industry, in the international assemblies and interactions, seminars, export credit unions or other knowledge based forms
•    Supporting Iran's credit risk rating in numerous international and domestic forums and summits, by presenting a clear vision of the country's trade and investment climate and showing the key economic parameters and indexes, as well as putting a real display on the good payment records and honoring the contractual and sales obligations of the Iranian exporters and importers to the other countries which have had a direct impact on Iran's international trade and investment conditions in the world.
•    Keeping constant relationship of the Fund with foreign institutions such as unions, banks, governmental and semi-governmental institutions, companies, etc., for having access and obtaining credit information of those institutions on foreign buyers and holding mutual cooperation for providing such information on Iranian companies upon request of the Fund's counter parties, as well as negotiation and consultation with the aim of supporting exports covered by the fund in certain target markets.
•    Active participation and provision of services and consultancy by the representatives of the Fund in many trade delegations, joint commission meetings in between Iran and other countries to  facilitate the conclusion of more fruitful and effective export contracts between the  private sectors of the two countries.

•    Devising the necessary platform for risk sharing in the form of reinsurance or co-insurance with other peer ECA's or reinsurance entities to improve the capacity of the Fund in providing support services to traders of the reciprocal countries. 
•    Providing consulting services to foreign financial, banking and insurance institutions for financing, insurance coverage, etc. in Iran when needed, which has a direct impact on financing projects inside Iran and attracting foreign direct investment in-flow into the country.

International interactions and framework agreements:
A- Membership in international and regional export credit and investment unions and institutions, including "Berne Union", "AMAN Union", Multilateral Investment Guarantee Agency (MIGA), "Islamic Institute of Investment Insurance and Export Credit (ICIEC)

B- Concluding memorandums of understanding or cooperation agreements with peer national Export Credit Insurance Agencies (ECAs), EXIM banks, private credit insurers, etc. in different countries. 

C- Active Participation in Joint Commission meeting in between Iran and other countries to elaborate on the cover policy of the Fund in the target country to boost the trade and investment in between and effective presence in other trade delegations with the aim of creating the necessary platform for the export and overseas investment of Iranians and providing various informative services to the country's exporters.

Membership in International credit and financial information networks:
 
Access to credit and financial information is one of the keys to successful business, which reduces the risk of payment default by foreign buyers. According to its supporting role, the Iran Export Guarantee Fund has tried to facilitate the access of the country's exporters to the credit and financial information of the buyers, in addition to providing professional insurance services based on risk assessment, by being a member of various networks and credit databases which results in the Fund’s access to reliable and creditable data.
The importance of this role of the Fund is determined when considering the cost of several tens of thousands of dollars for membership in these databases and the impossibility of independent use of these services by small companies. 
In addition to the corporate risk studies, the credit limits proposed by the Fund for countries, banks and other sub-sovereign entities are determined based on the information available in these databases and based on expert opinions and internal credit assessment models of the Fund so that the Iranian exporters and banks could have a clear vision toward the corporate/bank/sovereign risks involved in each and every export transaction and the provisionary credit ceilings set by the Fund as a precautionary risk guideline. 


Focal International contact points:
For more information or any questions regarding the Fund's international cooperation, and risk or portfolio management you can contact the "Risk Assessment and Research Department" Via the Contact information below:
Direct phone number: + 98 21 88739267
E-mail: intl@egfi.org
 
Access to credit and financial information is one of the keys to successful business, which reduces the risk of payment default by foreign buyers. According to its supporting role, the Iran Export Guarantee Fund has tried to facilitate the access of the country's exporters to the credit and financial information of the buyers, in addition to providing professional insurance services based on risk assessment, by being a member of various networks and databases. The importance of this fund's role is determined by considering the cost of several tens of thousands of dollars for membership in these databases and the impossibility of independent use of these services by small companies. In addition, the credit limits proposed by the fund for countries, banks and companies are determined based on the information available in these databases and based on expert opinions and internal patterns of the fund, and this analysis is considered as the added value of those credit reports. In some of these bases, the Iran Export Guarantee Fund is the only Iranian institution that is a member.
For more information or any questions regarding the Fund's international cooperation, you can contact the "National Risk Assessment and International Cooperation Department".

Direct phone number: 88739267

Email: intl@egfi.org
Iran Export Guarantee Fund with the aim of providing better services to Iranian exporters in different countries, memorandum of understanding or cooperation agreement with peer institutions of national export credit insurance (ECAs), EXIM banks, private credit insurers, etc. in different countries and in the fields of reinsurance , joint insurance, validation from foreign buyers, help to prevent damage due to non-payment by the foreign buyer, help to recover damages paid by the fund, exchange of information and technical experiences, training, etc. The list of these institutions is given below, among which cooperation with Russian Export Credit Insurance Institutions, Exim Bank of Turkey and Lebanon Export Credit Insurance Company is more than other institutions.
 
country name year
Poland KUKE 2017
Finland Finnvera 2017
Slovakia EXIMBANKA SR 2005 , 2017
Portugal COSEC 2016
Indonesia ASEI 2016
Brazil ABGF 2016
Hungary MEHIB 2016
Sri Lanka SLECIC 2016
Switzerland SERV 2016
Germany Euler Hermes 2016
Australia EFIC 2016
Norway GIEK 2016
India ECGC 2002 , 2016
Austria OeKB 2016
Sweden EKN 2016
South Korea K-Sure 1999 , 2016
New Zealand NZECO 2016
England UK Export Finance 2016
Kazakhstan KazExportGuarant 2004 , 2015
Armenia EIAA 2015
In addition to participating in international summits, conferences, seminars and meetings in the field of export and commercial credit insurance, Iran Export Guarantee Fund has also played a role as a host in a number of international events, the most important of which are:

Hosting the fourth meeting of ICIEC member credit insurance institutions in 2004

This meeting was held with the participation of about 30 representatives from export credit insurance institutions, members of "Islamic Institute of Investment and Export Credit Insurance" (ICIEC), hosted by the Fund from 23 to 24 December 2004 in Tehran. This was the first international summit hosted by the Fund, during which experts in the field of export credit insurance gathered for the first time in Iran.

Holding a training workshop of "Multilateral Investment Guarantee Agency" MIGA in 2004

Miga's training workshop on investment insurance was held for the first time among the countries of the region, hosted by Fund, in Kish Island on March 6 and 7, 2002. In this workshop, the experts of the fund and a number of banks and insurance companies participated, and various topics related to the coverage of political risks of investment insurance were raised by the experts of this agency affiliated to the World Bank.

"Credit insurance and project-based financing" training course by the Italian SACE institute in 2007

Sache Italy Export Credit Insurance Institute is one of the leading institutes in the field of training and providing advice in the field of credit insurance. Iran Export Guarantee Fund, for the first time, by inviting the professors of this institute, held the course "Credit Insurance and Project-based Financing" from October 23rd to 26th, 2016 at the fund's premises. Due to the exclusive nature of the fund's services in the field of credit insurance in Iran, it has not been possible to access such training courses in Iran, and therefore holding such courses is very important for experts and managers of the fund to obtain the most up-to-date specialized information.

"Commercial credit insurance" training course by TIRC and LCI in 2008

Considering the importance of benefiting from the knowledge of professors in the field of credit insurance at the international level, in 2006, Mr. Michael McFilmey - the owner of "Commercial Risk and Investment Consulting" (TIRC) - as one of the well-known people in this industry, was invited to Organize a training course in the field of short-term credit insurance for fund experts. Due to the joint cooperation between this company and the Lebanese counterpart of the fund called "Lebanon Credit Insurance Company" (LCI), this course will be jointly taught by Mr. McFilmy and Mr. Karim Nasrallah (CEO of LCI) from 27th to 30th of Bahman 2006 at the location The fund was held.

"Damage and recycling" training course by the Italian SACE institute in 2008

The "Damage Prevention and Recycling" course was held from October 28 to 30, 2008 with the participation of experts and managers at the fund location. The managers of the damage and recycling department of this institution, as professors of the course, in addition to their scientific mastery of the subject, had the experience of damage and recycling at the international level.

"Country, banking and corporate risk assessment and damage analysis" training course by SACE Institute in Italy in 2011

This training course was held with the presence of two professors from the Sache Export Credit Insurance Institute of Italy, from November 1 to 4, 2010, with the focus on country, bank and company risk assessment on the one hand, and how to review and evaluate obligations, methods of preventing damage on the other hand. .

Hosting the Aman Union training course in 2014

The training course "Risk Management and Credit Insurance" of Amman Union was held on June 5-7, 2014, hosted by the fund and with instructors from the Italian Export Credit Insurance Institute (Sache) and with the participation of a number of experts from Islamic credit insurance institutions, members of the union, as well as fund experts. became

Hosting the annual meeting and general assembly of Aman Union (AMAN UNION) in 2014

Iran Export Guarantee Fund, in the 2013 General Assembly of Amman Union, was able to host the fifth annual meeting and General Assembly of the Union in 2014. This meeting was attended by 74 participants from 30 export credit insurance institutions, including China's Sinashore, Italy's Sache, Russia's Axyar, Turkey's Exim Bank, Germany's Munich Re and Euler Hermes, and other peer institutions in Ireland, England, Switzerland, Belgium, France, Oman, Algeria, Sudan, United Arab Emirates, Kuwait, Saudi Arabia, Tunisia, Kazakhstan, Cyprus, Kenya and Morocco, in addition to prominent international people, such as the Secretary General of the Berne Union and the President of Klopp Prague, from November 19-22, 2014 with complete success and at the highest level of standards. An international professional meeting was held, according to the participants.

Open discussions in the form of specialized panels in technical fields such as risk assessment of buyer countries, new models of company validation, new methods of collecting claims and recovery of damages, the effects of the implementation of Basel 3 on the activities of peer institutions, etc. by the most reputable experts in this field in the world. became

Also, on the sidelines of the meeting, four memorandums of understanding were signed by Iran's Export Guarantee Fund with its counterparts in Egypt, Algeria, Switzerland, and Lebanon, and subsequently, two documents "Principal Agreement" and "Reliance Agreement" were also signed with the Russian Export Credit Insurance Institute. (Axiyar) was concluded.
In addition, an effort was made to arrange meetings with some peer institutions such as Italy's Sache, Russia's Axiar, Turkey's Exim Bank, etc. .

The successful holding of the meeting of the Amman Union in Tehran showed that despite the efforts of some countries to isolate Iran, our country has potential capacities to play a role in the international arena.

Training course "Short-term credit insurance: Issuing, marketing, business development" by LCI Lebanon in 2015

After signing the memorandum of understanding of cooperation between the fund and the private company "Lebanon Credit Insurance" (LCI), the advisor to the board of directors of this company, Mr. Michael McFilmey, along with the marketing manager of this company, from May 7 to 9, 2014, an interactive training course They organized a fund for managers and experts. In this course, in addition to providing the latest standards and principles of short-term export credit insurance coverage, explanations were provided on the latest marketing and business development methods. Due to the interactive nature of this course, the fund's specialized body had the opportunity to evaluate and compare the fund's performance in this field with today's standards and perform pathology on the way the fund provides services, and benefited from the professors' advisory opinions to eliminate existing weaknesses and improve performance.
In order to provide better services to the fund's customers and access to the most up-to-date information in the world, this institution has tried to cooperate with international institutions in addition to the aforementioned, depending on the case. Among them, we can mention the fund's cooperation with Iranian embassies in other countries, cooperation and signing of contracts with financial and banking institutions in different countries, cooperation with international financial institutions, participation in international conferences, seminars and training courses.

In this context, it is worth mentioning the signing of four cooperation agreements with Iraqi banks and some other countries.