SUMMARY
It is expected that Great Lockdown caused by Covid-19 will cause the worst recession since the Great Depression, and far worse than the Global Financial Crisis of 2008. This paper aims to analyse the effectiveness of export credit insurance as a tool to mitigate the consequences of default in deferred international trade payments. A panel data analysis will be realized by using the data of 27 Berne Union member countries for 11 years in order to elaborate the effects of the export credit insurance commitments on exportation by taking into account other related economic factors such as export as a percentage of GDP, export volume, real effective exchange rate. The results of the analysis indicate that the export credit insurance schemes, mainly supposed to be provided by the public insurers, may mitigate the detrimental effects of Covid-19 on international trade.