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USDA FAS explains GSM-102 export credit guarantees and market-development tools
Summary
USDA Foreign Agricultural Service (FAS) senior specialist Dee Hale outlined the GSM-102 letter-of-credit guarantee, eligibility (Schedule B agricultural commodities), the facilities guarantee program, a $2.5 billion CCC allocation breakdown by region, and program mechanics including up to an 18-month credit term and a 98% guarantee.
Dee Hale, senior specialist in global programs for the Foreign Agricultural Service (USDA FAS), gave a detailed presentation on the GSM-102 export-credit guarantee program and complementary facilities-guarantee work.
Hale described GSM-102 as focused on supporting commodity-based transactions to developing markets and said the program covers eligible agricultural products listed on Schedule B (notably excluding fertilizers and other non-agricultural inputs). She…
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