What is the Interministerial Committee (IMC)?
Budgetary responsibility for this instrument for the promotion of exports lies with the Federal Government. They decide on basic issues of cover policy and the granting of guarantees in an Interministerial Committee (IMC).
The IMC is composed of representatives of the Federal Ministry for Economic Affairs and Climate Action, the Federal Ministry of Finance, the Federal Foreign Office and the Federal Ministry for Economic Cooperation and Development.
The Federal Ministry for Economic Affairs and Climate Action has the lead role. Decisions on whether to provide cover for a transaction are made on a consensual basis by the four IMC ministries in the interests of ensuring consistency in economic, fiscal, climate and foreign policy as well as international development activities. 14 experts from the export and financial sector advise the IMC.
The decision-making bodies
The Interministerial Committee (IMC) decides on cover for transactions worth more than ten million euros. The Small Interministerial Committee (SIMC) is responsible for decisions on transactions valued at between five and ten million euros.
Euler Hermes Aktiengesellschaft makes decisions on applications for cover of up to five million euros in accordance with the instructions issued by the Federal Government and subject to its control.
Fig.: The decision-making bodies
IMC meeting dates
On the following dates, the Interministerial Committee meets in Berlin with the decision-making bodies present:
- 12. January 2023
- 16. February 2023
- 23. March 2023
- 27. April 2023
- 25. May 2023
- 28./29. June 2023
- 27. July 2023
- 31. August 2023
- 21. September 2023
- 19. October 2023
- 16. November 2023
- 6./7. December 2023