Dear
guests,
welcome
to IGA web site.
IGA
exist from 1996 as BiH Ministry Assembly's agency for implementation
of the World Bank's project in Bosnia and Herzegovina. The
goal of Leveraged Insurance Facility for Trade project (LIFT)
was re-establishment of production activities in private,
industrial sector by providing non-commercial risk insurance
to foreign companies and financial institutions, which had
trade exposures in BiH. From 1997, when Project Contract was
signed between World Bank and BiH Government, IGA had issued
more than EUR 25.000.000,00 worth of guarantees.
After
implementation of LIFT project, IGA had started implementing
new World Bank's project - support to export companies, which
started in 1999, upon signing of Participation Agreements
with local banks. The goal of the project was providing working
capital loans to BiH exporters. Coupled with this project,
Trade Credit Insurance project was developed, as well as factoring
project. As of 1998, IGA became
full time member of Prague Club, the society of newly developed
Export Credit Agencies, mainly from countries of Central and
East Europe, which is governed by the Bern Union.
Through
successful implementation of aforementioned projects, IGA
has emphasized a need for existence of state governed Export
Credit Agency in Bosnia and Herzegovina. In 2004, Parliament
of BiH has brought a Law on Export Credit Agency, thus creating
an institutional frame for continuance of IGA's work.
As
of June 04, 2007 IGA continues its existence as state institution
of BiH, with cora capital of 26 million EUR. In its future
efforts, we will concentrate on development of export and
domestic credit insurance products for BiH exporters.
IGA
has gained significant experience in handling international
market transactions, developed companies' database as ability
to obtain credit information; therefore IGA can offer consulting
services in domains of investments and international trade
and credit bureau services to BiH and foreign companies.
As
part of our regular program we offer following products to
our clients: