What is export credit?

Export credit is a kind of scheme that is launces by governments all over the world so that the producers and manufactures can have a financial stability and increase productivity and export more.
Loans to boost EXPORTS. In many countries these are subsidised by a GOVERNMENT keen to encourage exports. Typically, the CREDIT comes in two forms: loans to foreign buyers of domestic produce; and guarantees on loans made by BANKS to domestic companies so they can produce the exports that should pay off the loan. This effectively insures producers against non-payment.