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| Definition Of: |
Export Credit Enhanced Leverage
The export credit enhanced leverage, EXCEL, program was developed in 1990
by the World Bank in conjunction with a working group of the International
Union of Credit and Investment Insurers (the Berne Union). The objective
of EXCEL is to provide export credits at consensus rates for private sector
borrowers in highly indebted countries, which would previously have been
too great a risk for most agencies to cover.
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Transportation Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 2 3 4 5 6 A: Page 1 of 6.
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