International cooperation

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International cooperation

International cooperation, exchange of information, and development of relationships are very significant in shaping effective guarantee schemes. Agricultural Credit Guarantee Fund actively implements international cooperation programs both in Lithuania and abroad and develops relationships with EU institutions, the European Association of Mutual Guarantee Societies, other financial organizations. 

European Association of Mutual Guarantee Societies (AECM)

Agricultural Credit Guarantee Fund is a member of European Mutual Guarantee Association AECM since 2001.
AECM operates as an open, democratic organization, representing 40 member organisations operating in 21 EU countries, Montenegro, Russia and Turkey.

AECM pursues the following three aims:

  •  Political Representation: AECM represents the political interest of its member organisations both towards the European Institutions, such as the European Commission, the European Parliament and Council, as well as towards other, multilateral bodies, among which the European Investment Bank (EIB), the European Investment Fund (EIF), the Bank for International Settlement (BIS), the World Bank, etc.
  • Exchange of best practices: AECM serves as platform for exchange of best practices on a variety of operational issues. 
  • Promotion of guarantee instrument: AECM undertakes surveys on the guarantee sector, provides relevant technical information, statistics, newsletters as well as other publications to promote the guarantee instrument. It takes part a sector representative in events both in Europe as well as beyond.