The only specialized insurance organization – Development Institute of the Republic of Kazakhstan, which performs the functions of an export credit agency. KazakhExport, as part of its core business, provides manufacturing and STB exporting enterprises with insurance protection against the risk of non-payment in foreign trade transactions and guarantees security at all stages of the export cycle.
Mission:
Support for the growth of exports of non-primary goods, works, services in priority sectors of the economy and the formation of the practice of financial, insurance and non-financial support of Kazakhstani enterprises.
Strategic objectives:
Taking into account the objectives of the National Export Strategy, the key strategic goals of KazakhExport are to increase the volume of supported export contracts and increase the number of exporters who have received financial support to the target values.
Strategic directions of development:
- Improving export support tools
- Creating conditions for increasing the number of exporters
- Improving operational efficiency.
Business support tools from Kazakh Export:
- Free verification of the reliability of a foreign buyer;
- Assistance in obtaining a bank guarantee and hedging currency risks;
- Financing of a foreign buyer for the purchase of goods;
- Replenishment of working capital;
- Assistance in obtaining financing from the bank in case of a shortage of collateral;
- Assistance in obtaining an advance payment from a foreign buyer;
- Taking on the risk of non-payment by a foreign buyer.
