Brazillian Export Credit Insurance Agency
The Brazilian Guarantee Funds and Guarantees Management Agency (ABGF) is a federal state-owned company linked to the Ministry of Finance. Its mandate is to establish, manage, and represent guarantee funds and other funds of interest to the Federal Government, supporting Brazilian companies through risk mitigation and guarantee solutions.
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Export Credit Insurance is ABGF’s core facility, provided under the policy guidelines of Brazil’s Foreign Trade Chamber (CAMEX), within the Ministry of Development, Industry, Trade and Services (MDIC). The Export Credit Insurance covers Brazilian exports of goods and services against commercial, political, and extraordinary risks.
It is backed by the Export Guarantee Fund (FGE), a public fund established by law and linked to the Ministry of Finance. ABGF is responsible for the technical assessment, approval, execution, and monitoring of insured transactions.
ABGF offers Export Credit Insurance in two main tenors:
Medium and Long-Term (MLT)
Coverage for post-shipment export finance with maturities exceeding two years, including commercial and/or political and extraordinary risks. In specific cases, transactions involving only political and extraordinary risks may have maturities below two years. Certain sectors and structures (such as corporate risk, structured finance, aerospace, and defense) are subject to tailored assessment criteria.
Short-Term (ST)
Coverage exclusively for micro, small, and medium-sized enterprises (MSMEs), available for pre-shipment, post-shipment, or combined pre- and post-shipment financing, with maturities of up to two years.
Founded: 2013
Ownership: Brazilian Federal Government
Joined Berne Union in: 2003 (as SBCE)
Institutional Set up and Mandate