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Glossary

Export Risk Guarantee ERG

Export Risk Guarantee (ERG) was established in 1934 – originally to combat unemployment – and replaced in 2007 by Swiss Export Risk Insurance SERV. It was a significant driver of Switzerland’s economic development. In ERG’s peak years, the Swiss Confederation’s commitments exceeded its entire national budget.

Additional information

Brochure on the economic history of ERG (PDF in German)

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