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USDA Amends GSM-102 Credit Guarantees for Export Sales to the Central American Region
29.06.2010 10:49 "Agro Perspectiva" (Kyiv) —
The U. S. Department of Agriculture today amends availability of the following credit guarantees for sales of U.S. agricultural commodities under the Commodity Credit Corporation’s Export Credit Guarantee Program (GSM-102) for fiscal year 2010.
Additional Amount Available: $100 million
Geographical Area: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama
The GSM-102 program helps ensure that credit is available to finance commercial exports of U.S. agricultural products to developing countries, while providing competitive credit terms in these countries. Under this program, the Commodity Credit Corporation (CCC) reduces the financial risk to lenders by guaranteeing payments due from approved foreign banks to exporters or financial institutions in the United States.
Also available:
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