Export Credit Guarantee Program (GSM-102)
The GSM-102 program provides credit guarantees to encourage financing of commercial exports of U.S. agricultural products, while providing competitive credit terms to buyers. By reducing financial risk to lenders, credit guarantees encourage exports to buyers in countries — mainly developing countries — that have sufficient financial strength to have foreign exchange available for scheduled payments.
The program is available to exporters of:
- high-value, consumer-oriented, processed products such as frozen foods, fresh produce, meats, condiments, wine and beer;
- intermediate products such as hides, flour and paper products; and
- bulk products such as grains, oilseeds and rice.
GSM-102 Program Regulations