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This briefing has been prepared by the National Audit Office (NAO) to assist the Environmental Audit Committee’s (EAC) inquiry into the Export Credit Guarantee Department (ECGD).

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This briefing is based upon interviews with a range of ECGD staff, a review of procedural documentation, and an analysis of data for guarantees and insurances issued since 2000. We have also included in an Annex a small sample of case studies in order to illustrate how the procedures operate in practice.

The briefing is structured as follows:

  • Background and statutory remit of ECGD (paragraphs 7 – 12)
  • ECGD facilities and processes (13 – 18)
  • The Mission and Status Review and the Business Principles (19 – 25)
  • Case impact analysis procedures and their coverage (26 – 50)
  • Analysis of the portfolio (51 – 57)
  • Applying wider government policies (58 – 66)