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EBRD signs cooperation agreement with the Slovene Export Corporation
A cooperation agreement, to encourage Slovene exporters to take advantage of the opportunities offered in central and eastern Europe and the former Soviet Union, has been signed by the European Bank for Reconstruction and Development (EBRD) and the Slovene Export Corporation (SEC). It is the EBRD's second agreement with an eastern European export credit agency.
Olivier Descamps, Director of the EBRD's Slovenia team, said: "Export agencies are an important vehicle for companies developing markets abroad. By working with them the EBRD can further its assistance to the private sector in Slovenia."
Signing on behalf of the SEC were Dr Zlatko Mursec, First President and Chief Executive Officer, and Marjan Kramar, President and Chief Executive Officer. Mr Kramar commented: "This agreement lays the foundation for closer cooperation between our institutions in providing support for trade finance and co-financing investments."
The agreement provides a basis for consultation and cooperation in resolving difficulties which could arise while implementing co-financed projects or during loan repayment periods. A framework for project selection, appraisals, processing and management is also created and information exchange, such as analyses of potential central and eastern European markets, is facilitated.
Since May 1994, the EBRD has signed similar agreements with export credit agencies in Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, India, Israel, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Spain, Sweden, Switzerland, Turkey and the United Kingdom.
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