Half of the Credit Guarantee Fund Budget Should Be Allocated to Exporters

Turkish Exporters Assembly (TİM) brought Turkish Eximbank and Credit Guarantee Fund (KGF) together for a conference on the new regulations.

Mehmet Büyükekşi, Chairman of Turkish Exporters Assembly, Adnan Yıldırım, General Manager of Eximbank, and İsmet Gergerli, General Manager of Credit Guarantee Fund and top executives of 650 export companies attended the conference.

Chairman of TİM, Mehmet Büyükekşi told that access to capital is one of the greatest obstacles for exporters, and in order to ease this trouble, half of the Credit Guarantee Fund budget should be allocated to exporters.

The Chairman also told; “We expect KGF's warranty to be allocated as letter of guarantee limit for other commercial banks which act as an intermediary for Eximbank loans. In addition to this, we demand the rediscount credits issued by the Central Bank to include all exporters.”

Büyükekşi added; “Last year Eximbank provided 33 billion dollars to exporters, and their goal for 2017 is 40 billion dollars. Together with KGF's 100% warranty, Turkish exporters will overcome their access to capital issues.”