SACE, the Italian Export Credit Agency, is a joint-stock company fully owned by the Ministry of Economy and Finance. It supports Italian companies’ competitiveness in Italy and in foreign markets, through a wide range of insurance and financial products, generally provided in cooperation with the banking system.
Within its ‘strategic import guarantee’ program, SACE can provide first demand guarantees covering up to 80% of general-purpose loans granted to foreign suppliers of raw materials and strategic products which are crucial for the Italian manufacturing system (including energy commodities).
The financing is not necessarily tied to a specific contract but is subject to the agreement of the beneficiary to reach a ‘best effort’ target aimed at increasing supply to Italy, as well as a commitment to participate in business matching events with selected Italian importers. Eligible beneficiaries are producers of critical raw materials and global leaders in trading commodities.
How to Contact SACE
For SACE, please contact SACE International Business Support Team - rei-ibs@sace.it.