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An analysis of Finexpo's and Ducroire/Nationale Delcrederedienst's support practices in comparison to the EURODAD principles on responsible financing
Jan Cappelle, April 2009

In 2007, Belgian exports generated 89,3% of Belgium's gross domestic product. The exports created employment as well as fiscal and parafiscal revenues. Because of the importance that exporting holds in the Belgian economy, Belgium has several public instruments in place to encourage and support the export of goods and services. At the federal level, there are Ducroire/Nationale Delcrederedienst (ONDD), FINEXPO and the Belgian International Investment Company (BMI-SBI). At the regional level, the most important are the Agence Wallonne l'Exportation (AWEX) for Wallonia, Brussels Export for the Brussels region, and Flanders Investment and Trade for the Flanders Region.
This research paper looks specifically at the practices of the two most significant players at the federal level: FINEXPO and Ducroire/Nationale Delcrederedienst. FINEXPO provides advice to the Belgian government about five types of support measures: rent stabilisation mechanism, interest relief (with or without grants), pure grants and loans (tied and untied). Ducroire/Nationale Delcrederedienst provides insurances and financial guarantees against commercial and political risks. Annex 1 to this report lists and explains the various types of support. The paper will discuss the financial terms, legal terms and conditions in place when FINEXPO and Ducroire/Nationale Delcrederedienst provide support for Belgian exports.


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