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Export Credit Guarantee Programs

Country Risk Category

(for the GSM-102 Program)

Please note
Listed below are the countries and multilateral institutions that are currently active and eligible to participate in the GSM-102 program.  The Supplier Credit Guarantee (SCGP) and GSM-103 programs, while authorized, are not currently being operated.

Fees

GSM-102:  Beginning July 1, 2005, the fee structure for the GSM-102 program was changed to a risk-based approach.  This approach determines the fee to cover an export credit guarantee for a specific transaction in a particular country or with a specific multilateral institution.  By examining a number of factors including CCC’s experience in the operation of the program in the particular country, CCC assigns a numeric risk category (0-6, lowest to highest risk).  The risk category (along with other factors) determines the fee charged.  The corresponding risk-based categories are shown next to the listed countries below.  The GSM-102 fee schedule, which contains fee rates by risk category, tenor, and repayment frequency, can be found at http://www.fas.usda.gov/excredits/gsm102fees.html.

 

FGP:  The fees charged under FGP correspond to the fees charged by the U.S. Export Import Bank and are established in accordance with OECD guidelines.  For country risk ratings and fees applicable to FGP, please see the U.S. Export-Import Bank website at http://www.exim.gov/tools/fee_calc.cfm.

 

Frequency of Updates:

CCC intends to update both this web page and the risk category for a country when circumstances warrant.  No official USDA program announcement of these updates will be made unless such information warrants an official announcement.

 

Complete list of risk categories by country for the GSM-102 program.

 

 

Country

Country
Risk Category

A

Albania

5

 

Algeria

6

 

Antigua and Barbuda

4

 

Armenia

5

 

Aruba

3

 

Azerbaijan

6

B

Bahamas

1

 

Bahrain

1

 

Barbados

2

 

Belize

6

 

Botswana

2

 

Brazil

4

 

Bulgaria

3

 

Burkina Faso

6

C

Cameroon

6

 

Cape Verde

5

 

Cayman Islands

0

 

Chile

1

 

China

5

 

Colombia

3

 

Costa Rica

3

D

Dominica

6

 

Dominican Republic

6

E

Egypt

4

 

El Salvador

3

 

Estonia

1

G

Gabon

6

 

Georgia

6

 

Ghana

6

 

Grenada

6

 

Guadeloupe

3

 

Guatemala

4

H

Honduras

6

 

Hong Kong

0

I

India

4

 

Indonesia

6

 

Israel

1

J

Jamaica

5

 

Jordan

4

K

Kazakhstan

5

 

Korea, South

2

 

Kuwait

2

L

Lesotho

5

M

Macedonia

5

 

Malawi

6

 

Malaysia

2

 

Mauritius

3

 

Mexico

2

 

Morocco

3

 

Mozambique

6

N

Namibia

3

 

Netherlands Antilles

5

 

Nigeria

6

O

Oman

2

P

Pakistan

6

 

Panama (except multilateral institutions)

4

 

Papua New Guinea

6

 

Peru

5

 

Philippines

4

Q

Qatar

2

R

Romania

3

 

Russia

5

S

Saint Kitts and Nevis

4

 

Saint Lucia

3

 

Saint Vincent & Grenadines

4

 

Saudi Arabia

2

 

Senegal

6

 

Singapore

0

 

South Africa

2

 

Sri Lanka

5

 

Swaziland

5

T

Thailand

5

 

Trinidad & Tobago

2

 

Tunisia

4

 

Turkey

4

U

Ukraine

6

 

Uganda

6

 

United Arab Emirates

2

 

Uruguay

6

V 

Vanuatu

4

 

Vietnam

6

 

Virgin Islands (Br.)

1

 

 

Multilateral Institutions

GSM-102
Risk Category

B

Banco Latinamericano de Exportaciones (BLADEX), Panama

2

 


Program Contact: Director, Credit Programs Division; Office of Trade Programs, Foreign Agricultural Service, USDA; Stop 1025; 1400 Independence Avenue, SW; Washington, DC 20250-1025; TEL (202) 720-6211; FAX (202) 720-2495; E-MAIL askec@fas.usda.gov