Export growth is now seen by most governments as a key to economic growth and recent growth in emerging East Asia has been export led. The so-called Export Credit Agencies (ECAs) played a critical role in cushioning the downturn in cross border trade to emerging m.arket economies during the global economic and financial crisis that hit in the fall of 2008. This crisis is considered by many to be one of the greatest economic challenges since the Great Depression of the 1930s. In addition to facilitating cross border trade during times of crisis ECAs can also help companies in emerging countries access long term funding and potentially at a lower interest rate than they could locally. This can help companies modernize their processing lines, especially those engaged in cap ital intensive activities, and enable emerging economies in transition to increase the value added of their industries and boost export earnings. This article discusses the role of.ECAs in facilitating cross border trade to emerging markets as well as the economic rationale for the existence of such agencies. It also demonstrates how selected risk mitigation instruments of ECAs, namely: (i) buyer credit guarantee, (ii) supplier credit guarantees and (iii) export loans have been applied in practice. Finally, real cases are presented that highlight how companies have used the service of ECAs, for example, to obtain better terms, including larger loan allocation, and longer term loans at lower interest rates.