Business Standard

ECGC to conduct special country rating review on surge in global inflation

There has been a sharp rise in prices of inputs impacting international trade after the Russia-Ukraine conflict early this year

ECGC
Premium

ECGC’s net worth stood at Rs 7,840 crore as of March 2022, up from Rs 6,365 crore in March 2021

Abhijit Lele Mumbai
The Export Credit Guarantee Corporation of India (ECGC) will conduct a comprehensive country risk rating review as many nations face intense pressure on balance of payments following a surge in inflation. This may trigger revision in premium on export credit cover based on the risk perception.

There has been a sharp rise in prices of inputs impacting international trade after the Russia-Ukraine conflict early this year. While Asia and Africa have been more impacted, there is a concern for impact on members of Organisation for Economic Co-operation and Development (OECD).

According to ECGC Chairman M Senthilnathan, the review exercise would cover 90

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 27 2022 | 8:05 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com