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Guidance

Cover policy and indicators

Find out about cover policy and indicators for countries and territories that are covered by UK Export Finance.

Updates to this page

From:
UK Export Finance
Published:
28 April 2013
Last updated:
6 October 2026
Show all updates

  1. Information updated for Eswatini (formerly Swaziland), Pakistan and Uganda.

  2. Information updated for Tanzania, Uganda and Ghana

  3. Information for Nigeria amended

  4. Nigeria MRA corrected St Vincent and the Grenadines updated

  5. MRA changed to 'at least £5 billion' for South Africa

  6. Turkey MRA and Iraq cover updated

  7. Algeria MRA updated

  8. Iraq MRA changed to £1bn-£2bn

  9. Removed line on Lebanon cover: "We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank."

  10. Updated MRA for Iraq, Nigeria and Uganda

  11. Updated - • Armenia • Barbados • Benin • Jamaica • Kosovo • Nepal • Tanzania • Togo

  12. MRA for Turkey and Guinnea changed

  13. Information for Senegal updated

  14. Updated care on location

  15. Update MRA for Azerbaijan Bangladesh Cambodia Cameroon Egypt Guinea Iraq Kyrgyzstan Mauritania Nigeria Tajikistan Turkmenistan Uzbekistan

  16. MRA for Egypt and Poland updated

  17. Info updated for El Salvador

  18. Iran updated

  19. Japan and Cook Islands market appetite changed.

  20. Information changed for: Bhutan, Palau, Pitcairn, St. Pierre and Miquelon, Samoa, South Sudan, Timor Leste, Tonga, Tuvalu, Vanuatu, Vatican City, Virgin Islands, Wallis and Futuna Islands

  21. Outdated pdfs removed.

  22. Market appetite for Egypt updated

  23. MRA changed for Seychelles, Turkmenistan, Turkey and Costa Rica

  24. Information on Premium Indicator Tool updated

  25. Entry for Rwanda updated

  26. Updated policy for: American Samoa Anguilla Burundi Central African Republic Faroe Islands French Southern Territories Gibraltar Greenland Guinea Bissau Kiribati Liberia Micronesia Nauru Niue Palestinian National Authority

  27. Short / longterm lending to gabon and footnotes removed Serbia MRA updated

  28. Market Risk Appetite figures increased for Benin, Indonesia and Japan.

  29. Updated information for: Angola, Comoros, Cook Islands, Cuba, Djibouti, Equatorial Guinea, Eritrea, French Polynesia, Gambia, Haiti, Iran, Iraq, Lebanon, Malawi, Montserrat, Puerto Rico, Sao Tome and Principe, Sierra Leone, Ukraine. UAE

  30. Information for Nigeria ammended

  31. MRAs updated: Egypt (to ‘£500m - £1bn’) Guatemala (to ‘At Least £5bn’) Nigeria (to ‘£500m - £1bn’) India (to ‘£4bn - £5bn’) Indonesia (to ‘£2bn - £3bn’) United States (to ‘£3bn - £4bn’)

  32. Cover policy for Kosovo updated

  33. Updates to MRA bands for Armenia, Iceland, Lesotho, Montenegro, Saint Kitts and Nevis

  34. Amendment made to Senegal - Market Risk factor changed to "FXP Only" Information added “For medium or long term cover we can only consider providing support for foreign exchange-earning projects.” Information removed “For medium/long term business, we are willing to consider Local Currency Financing.” Entries for Curacao and Sint Martaan removed Entry for Gibraltar table corrected to view correctly

  35. MRA for Albania and Tanzania changed.

  36. MRA for Moldova changed.

  37. Market risk appetite for Tanzania changed to £2 to £3 billion

  38. The Consensus Category has been removed. Due to changes in the OECD arrangement, it is no longer relevant to include this section.

  39. Senegal market risk appetite updated.

  40. Country cover updated for Nicaragua and Marshall Islands.

  41. Update to Turkey cover policy - £1 billion to £2 billion

  42. Amendments made to the following countries: Bermuda Guyana Namibia Nepal St Kitts and Nevis St Lucia Turkey

  43. Updates have been made to the cover policy for Kyrgyzstan.

  44. Changes have been made to the market risk appetite for Cote d'Ivoire, Kosovo and Oman.

  45. Market Risk Appetite for Guinea has been updated.

  46. The market risk appetite for Tunisia has been updated from 'FXP only' to 'case by case'.

  47. Updates have been made to the cover policy for Gabon.

  48. Edit to Niger entry.

  49. The market risk appetite for Kenya and Turkmenistan has been updated.

  50. Amendment made to Tunisia entry

  51. Market risk appetites for Turkey and Egypt have been updated.

  52. Market risk appetite for Oman is now £3 billion to £4 biillion.

  53. Market risk appetite for Costa Rica and Jamaica have been updated.

  54. Amendments made to the following countries: Brazil Egypt Grenada Mali Qatar St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Serbia Turkey Turks and Caicos Islands

  55. Amendments made to Grenada, St Kitts and Nevis and St Lucia

  56. Tajikistan entry edited.

  57. This entry was added to the following countries; Gambia, Haiti, Solomon Islands, and Timor l’Este: ‘In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction’. This entry was added to the following countries; Grenada, Mali, Myanmar, Syria, Yemen, Zimbabwe: ‘Subject to Sustainable Lending Criteria’.

  58. Changes to the following countries: Armenia Bosnia and Herzegovina Greece Honduras Jamaica Jordan Oman Poland Qatar Rwanda Seychelles Turkmenistan Uzbekistan Vietnam

  59. Market risk appetite for Turkey updated to £250 million to £500 million.

  60. St Vincent and the Grenadines MRA changed.

  61. Change to market risk appetite for Bolivia.

  62. Paragraph under Cameroon removed: ‘In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.’

  63. ‘Subject to sustainable lending criteria’ for Cameroon removed.

  64. Updates to the market risk appetite for Albania, Algeria, Andorra, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Belgium, Bermuda, Bhutan, Botswana, Brazil, Brunei Darussalam, Bulgaria, Canada, Cayman Islands, Chile, China, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Dubai, Estonia, Fiji, Finland, France, Georgia, Germany, Greece, Guatemala, Guyana, Hong Kong, Hungary, Iceland, India, Ireland, Israel, Italy, Japan, Kazakhstan, South Korea, , Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Macao, North Macedonia, Malaysia, Malta, Mauritius, Mexico, Mongolia, Montenegro, Morocco, Netherlands, New Zealand, Norway, Oman, Panama, Paraguay, Peru, Philippines, Portugal, Romania, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Eswatini, Sweden, Switzerland, Taiwan, Thailand, Trinidad and Tobago, Turkey, Uganda, United Arab Emirates, United States, Uruguay, Vietnam.

  65. Barbados details changed.

  66. Oman banding changed from £2bn to £3bn to £1bn to £2b.

  67. Market risk appetite for Oman increased to £2 billion to £3 billion.

  68. Local currency financing no longer available for Croatia.

  69. - Turkey MRA updated - Text added to Comoros - Text removed from Haiti and Gambia

  70. Changes for Nigeria made.

  71. Bolivia banding updated.

  72. MRA for Brazil, Poland and Uganda updated.

  73. Text removed from Sudan.

  74. Changes to the following countries: Azerbaiajn Bangladesh Bosnia and Herzegovina Cote d'Ivoire Dominican Republic Honduras Jordan Macedonia Mongolia South Africa Turkmenistan

  75. Changes to Costa Rica and Guatemala

  76. Afghanistan and Comoros updated.

  77. Albanian country cover

  78. Ghana change

  79. Changes to the following countries: - Egypt - Indonesia - Poland - Turkey

  80. MRA for Pakistan updated.

  81. Changes to Bolivia and Mali.

  82. Market risk appetite for Indonesia updated.

  83. Change to Ghana and Niger.

  84. Banding changes for the following countries: - Andorra - Dubai - Jordan - Mauritius - Togo - Turks and Caicos Islands

  85. Changes made to Antigua and Barbuda

  86. Tunisia MRA changed to case by case.

  87. Updated the market risk appetite for USA

  88. Removed the word 'confirmed' from the Angola copy. Added a further sentence to the Ghana copy.

  89. The Market Risk Appetite column for Angola has changed to 'contact us', given that our available MRA in the country is low.

  90. Sri lanka cover updated

  91. Cover for Sri Lanka updated.

  92. Cover for Kosovo has been updated.

  93. Market risk appetite for Angola updated.

  94. MRA for Saudi Arabia updated.

  95. Cover policy for Cote D'Ivoire updated.

  96. Edited to reflect change in coverage for South Sudan. "In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction" has been removed.

  97. Burkina Faso cover position changed

  98. Cameroon updated to reflect updates to sustainable lending.

  99. Updated cover details for El Salvador

  100. Cash or short term cover information updated for European Union countries, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the United States of America due obligations arising under UK international Trade Agreements.

  101. Market risk appetite for Turkey updated to £250 million to £500 million.

  102. Changes to Belarus and Russia to reflect changes in cover

  103. Changes to Burundi, Congo DR, Papa New Guinea, Vanuatu and Zambia to reflect updates to sustainable lending and changes to cover position.

  104. Market risk appetite for Ukraine updated to Contact Us.

  105. Market risk apetite for Ukraine updated to £1 billion to £2 billion.

  106. Myanmar cover is no longer available.

  107. Market risk appetite in Ghana changed to £500 million - £750 million.

  108. Changes made to reflect UKEF’s updated Exposure Management Framework.

  109. Updated to reflect support for credit insurance business with a horizon of risk of less than 24 months in the EU, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the USA.

  110. Updated MRA guidelines

  111. Updated to include details of UKEF's sovereign premium indicator tool.

  112. Updated country cover policies for Oman, Saudi Arabia and Dominican Republic

  113. Updated to reflect latest cover position

  114. Country cover indicators updated

  115. Change to the market risk appetite for Venezuela

  116. First published.

Below you can find an indication of our current cover policy and risk appetite for each country or territory. The information is for guidance only. The details given here may change at any time, and no commitment on our part can be assumed or inferred. The information given in no way commits us to providing cover for a particular contract.

Market Risk Appetite

For foreign exchange earning projects with robust financing structures and strong risk mitigants, UKEF may be able to exceed the market risk appetite specified. We make these decisions on a case by case basis.

The cover indications are not indicative of the nature of the risks of doing business in any individual country or territory. They should not be taken to mean that doing business in the country or territory in question is risk free, and you should carry out your own due diligence.

You should contact our customer service team if you:

  • have a business enquiry
  • want more information
  • want to find out where overseas investment insurance cover may be available
  • wish to find out more about our cover position on any country or territory

Contact us

Customer service

Email customer.service@ukexportfinance.gov.uk

Telephone +44 (0)20 7271 8010

A to Z list of country or territory cover policies and indicators

Afghanistan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to Care on Location.

Subject to sustainable lending criteria.

Albania

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

Algeria

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

Subject to Care on Location.

American Samoa

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Andorra

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes Yes

Angola

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to Care on Location.

Anguilla

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Antigua and Barbuda

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Off cover No No

Argentina

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Contact us

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

We are willing to consider medium or long-term business involving the Andean Development Corporation (Corporacion Andina de Fomento) or the Central American Bank for Economic Integration (CABEI).

Armenia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

Subject to Care on Location.

For medium/long term business, we are willing to consider Local Currency Financing.

Aruba

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes Yes

Australia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business Local Currency Financing is available.

Austria

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Azerbaijan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes - With restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to Care on Location.

Bahamas

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes Yes

Bahrain

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

For medium/long term business, we are willing to consider Local Currency Financing.

Bangladesh

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes - With restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to sustainable lending criteria.

Barbados

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £250 million to £500 million Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Belarus

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Off cover No No

Subject to Care on Location.

Belgium

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Belize

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

We are willing to consider medium or long-term business involving the Central American Bank for Economic Integration (CABEI).

Benin

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes Yes

For medium/long term business, we are willing to consider Local Currency Financing.

Subject to sustainable lending criteria.

Subject to Care on Location.

Bermuda

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes Yes

Bhutan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

Bolivia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

We are willing to consider medium or long-term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Bosnia and Herzegovina

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £3 billion to £4 billion Yes Yes

Botswana

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Brazil

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

For medium/long term business, Local Currency Financing is available.

British Virgin Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £50 million to £100 million Yes Yes

Brunei Darussalam

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

Bulgaria

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Burkina Faso

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Contact us

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Subject to Care on Location.

Subject to sustainable lending criteria.

Burundi

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to Care on Location.

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Cambodia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes - With restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to sustainable lending criteria.

Cameroon

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by Case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Subject to Care on Location.

Subject to sustainable lending criteria.

For medium and long-term business, Local Currency Financing is available.

Canada

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Cape Verde

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £250 million to £500 million Yes Yes

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Cayman Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes Yes

Central African Republic

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to Care on Location.

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Chad

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Subject to Care on Location.

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Chad, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Chile

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

For medium/long term business, Local Currency Financing is available.

China

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Colombia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.

Comoros

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Comoros, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Congo

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Subject to Care on Location.

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Congo, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Congo DR (formerly Zaire)

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Subject to sustainable lending criteria.

Subject to Care on Location.

Cook Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Less than £25m Yes Yes

Costa Rica

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Cote D’Ivoire

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes Yes

For medium/long term business, we are willing to consider Local Currency Financing.

Subject to sustainable lending criteria.

Subject to Care on Location.

Croatia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Cuba

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

UKEF can consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.

Cyprus

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

UKEF’s cover policy applies only to the area under control of the Government of the Republic of Cyprus.

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Czech Republic

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Denmark

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Djibouti

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to Care on Location.

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Djibouti, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Dominica

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case Yes Yes

For medium or long term cover we can consider foreign exchange-earning projects only.

Subject to sustainable lending criteria.

Dominican Republic

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

For medium/long term business, Local Currency Financing is available on a case-by-case basis.

We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.

Subject to Care on Location.

Dubai

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

For medium/long term business, we are willing to consider Local Currency Financing.

Ecuador

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

We are willing to consider medium or long-term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Egypt

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes - With restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to Care on Location.

For medium and long-term business, Local Currency Financing is available.

El Salvador

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £250 million to £500 million No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Equatorial Guinea

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Eritrea

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to Care on Location.

Subject to sustainable lending criteria.

Estonia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Eswatini (formerly Swaziland)

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes - with restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Ethiopia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Ethiopia, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Subject to Care on Location.

Falkland Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £25 million to £50 million Yes Yes

Faroe Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Fiji

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Finland

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

France

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

French Polynesia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500m to £1bn Yes Yes

French Southern Territories

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact Us Contact Us Contact Us

Gabon

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Off Cover No No

Gambia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Gambia, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Georgia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

For cash or short term cover we would expect payments to be secured by confirmed irrevocable letter of credit or equivalent security.

For medium/long term business, we are willing to consider Local Currency Financing.

Subject to Care on Location.

Germany

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Ghana

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Contact us

Subject to sustainable lending criteria.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Gibraltar

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Greece

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Greenland

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Grenada

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £100 to £250 million Yes Yes

Subject to sustainable lending criteria.

Guatemala

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

We can also consider business where the CABEI acts as borrower or guarantor.

Guinea

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £250 million to £500 million Yes - With restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to sustainable lending criteria.

Guinea-Bissau

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Guyana

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes Yes

Subject to sustainable lending criteria.

Haiti

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to Care on Location.

Honduras

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes Yes

We can also consider business where the CABEI acts as borrower or guarantor.

Subject to sustainable lending criteria.

Hong Kong

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Hungary

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Iceland

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

India

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

Indonesia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

Iran

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Off cover No No

Subject to Care on Location.

Iraq

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Contact us Yes

Subject to Care on Location.

Ireland

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Israel

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

Italy

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Jamaica

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Japan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Jordan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £3 billion to £4 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

Kazakhstan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Kenya

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes Yes

Subject to Care on Location.

Subject to sustainable lending criteria.

Kiribati

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Kosovo

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes Yes

Subject to sustainable lending criteria.

Kuwait

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

Kyrgyzstan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes - With restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to sustainable lending criteria.

Laos

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Subject to sustainable lending criteria.

Latvia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Subject to Care on Location.

Lebanon

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to Care on Location.

Lesotho

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes Yes

Subject to sustainable lending criteria.

Liberia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Libya

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to Care on Location.

Liechtenstein

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes Yes

Lithuania

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Luxembourg

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Macao

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

Madagascar

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Subject to sustainable lending criteria.

Malawi

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Malawi, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Malaysia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Maldives

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long term cover we can only consider providing support for foreign exchange-earning projects.

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for the Maldives, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Mali

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Contact us

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Subject to Care on Location.

Subject to sustainable lending criteria.

Malta

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Marshall Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Less than £25 million Yes Yes

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Mauritania

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes - With restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to Care on Location.

Subject to sustainable lending criteria.

Mauritius

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available on a case-by-case basis.

Mexico

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

For medium/long term business, Local Currency Financing is available on a case-by-case basis.

We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.

Micronesia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Moldova

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes Yes

Subject to Care on Location.

Subject to sustainable lending criteria.

Monaco

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes Yes

Mongolia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes Yes

Montenegro

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion - £2 billion Yes Yes

Montserrat

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Less than £25m Yes Yes

Morocco

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available on a case-by-case basis.

Mozambique

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Mozambique, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Subject to Care on Location.

Myanmar

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to Care on Location.

Subject to sustainable lending criteria.

Namibia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

Nauru

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Nepal

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes Yes

Subject to sustainable lending criteria.

Netherlands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

New Zealand

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Nicaragua

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Subject to sustainable lending criteria.

We are willing to consider medium or long-term business involving the Central American Bank for Economic Integration (CABEI).

Niger

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Contact us

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Subject to sustainable lending criteria.

Subject to Care on Location.

Nigeria

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes - With Restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to Care on Location.

Niue

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

North Korea

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

North Macedonia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

North Mariana Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case Contact us Contact us

We would need to conduct a country review to consider any cover.

Norway

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Oman

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

Pakistan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Subject to Care on Location.

Palau

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Palestinian Authority

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to Care on Location.

Panama

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

For medium/long term business, Local Currency Financing is available.

We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.

Papua New Guinea

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes Yes

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Paraguay

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, we are willing to consider Local Currency Financing.

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Peru

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

We can also consider business in Peru where the CAF acts as borrower or guarantor.

For medium/long term business, Local Currency Financing is available.

Philippines

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

Pitcairn

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Poland

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact Us No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

Portugal

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Puerto Rico

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Qatar

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £3 billion to £4 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Romania

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Russian Federation

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Off cover No No

Subject to Care on Location.

Rwanda

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes Yes

Subject to sustainable lending criteria.

Samoa

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

San Marino

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £250 million to £500 million Yes Yes

Sao Tome and Principe

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Sao Tome and Principe, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Saudi Arabia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Senegal

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Off cover No No

Subject to sustainable lending criteria.

Serbia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4bn - £5bn Yes Yes

For medium/long term business, Local Currency Financing is available on a case-by-case basis.

Seychelles

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £500 million to £1 billion Yes Yes

Sierra Leone

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Sierra Leone, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Singapore

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Slovakia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Slovenia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Solomon Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case Contact us Contact us

For medium or long term cover we can only consider providing support for foreign exchange-earning projects.

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Somalia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to Care on Location.

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

South Africa

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

South Korea

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.

South Sudan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to Care on Location.

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Spain

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.

Sri Lanka

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Off cover No No

St Helena

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Less than £25 million Yes Yes

St Kitts and Nevis

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £100 million to £250 million Yes Yes

St Lucia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £250 million to £500 million Yes Contact us

Subject to sustainable lending criteria.

St Pierre and Miquelon

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

St Vincent and the Grenadines

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by Case No Yes

Subject to sustainable lending criteria.

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Sudan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to Care on Location.

Subject to sustainable lending criteria.

Suriname

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case Yes Yes

Subject to Care on Location.

For medium or long term cover we can only consider providing support for foreign exchange-earning projects.

Sweden

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Switzerland

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

For medium/long term business, Local Currency Financing is available.

Syria

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to Care on Location.

Subject to sustainable lending criteria.

Taiwan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.

Tajikistan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes - With restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to sustainable lending criteria.

Tanzania

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £2 billion to £3 billion Yes Yes

For medium/long term business, we are willing to consider Local Currency Financing.

Subject to sustainable lending criteria.

Thailand

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Timor l’Este

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Togo

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes Yes

Subject to sustainable lending criteria.

Subject to Care on Location.

Tonga

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Trinidad and Tobago

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

For medium/long term business, Local Currency Financing is available.

Tunisia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Yes

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank. For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Subject to Care on Location.

Turkey

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £250 million to £500 million Yes Yes

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

Turkmenistan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £3 billion to £4 billion Yes - with restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Turks and Caicos Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £100 million to £250 million Yes Yes

Tuvalu

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Uganda

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £1 billion to £2 billion Yes - with restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to sustainable lending criteria.

For medium/long term business, Local Currency Financing is available.

Subject to Care on Location.

Ukraine

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to Care on Location.

United Arab Emirates (UAE)

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5bn Yes Yes

Our market risk appetite for United Arab Emirates is shared with Abu Dhabi but not Dubai, which has its own country limit.

For medium/long term business, Local Currency Financing is available.

United States of America (USA)

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £4 billion to £5 billion No Yes

Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.

Uruguay

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

We are also willing to look at medium/long term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

For medium/long term business, Local Currency Financing is available.

Uzbekistan

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy £3 billion to £4 billion Yes - with restrictions Yes

For cash or short term cover above £1 million we would expect payments to be secured by irrevocable letter of credit or equivalent security.

Subject to sustainable lending criteria.

Vanuatu

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Vatican City

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Venezuela

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us No Contact us

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

We are willing to consider medium or long-term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Subject to Care on Location.

Vietnam

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy At least £5 billion Yes Yes

For medium/long term business, Local Currency Financing is available.

Virgin Islands (US)

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Wallis and Futuna Islands

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Contact us Contact us Contact us

Yemen

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to Care on Location.

Subject to sustainable lending criteria.

Zambia

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy Case by case No Contact us

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects

Subject to sustainable lending criteria.

Considering the IMF and World Bank zero non-concessional borrowing limit for Zambia, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Zimbabwe

Market risk appetite Cash or short term cover Medium or long term cover
Cover policy We are not able to offer any cover No No

Subject to sustainable lending criteria.

Definitions

Care on location

Those countries where there may be regional, ethnic or religious tensions, border disputes/conflict with neighbouring countries which may give rise to additional risks depending on where projects are located. We will need to take into account the location of the project in deciding whether or not support can be provided.

Cash or Short Term Cover

Where the duration of the contract is less than 2 years, UKEF cannot support exports to European Union countries, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the United States of America because of obligations arising under UK international Trade Agreements.

Foreign exchange-earning projects

Projects which earn foreign exchange income. In certain circumstances it may be possible to provide support for such projects in countries where UKEF cover is not normally available.

Horizon of risk

The total length of time UKEF could be at risk for a contract. This is usually the total period from date of contract to final payment under that contract.

Letters of credit

A letter of credit is an undertaking by a bank to make a payment to a named beneficiary within a specified time, against the presentation of documents which comply strictly with the terms of the letter of credit. There are different types of letter of credit including irrevocable letter of credit (ILC) and confirmed irrevocable letter of credit (CILC).

Market risk appetite

The total amount of risk exposure we would be willing to support for new business in a particular country or territory. For foreign exchange earning projects with robust financing structures and strong risk mitigants, UKEF may be able to exceed the market risk appetite specified. We make these decisions on a case by case basis.

Medium or long term cover

Where the credit terms are longer than 2 years.

Public or private sector

The status of an entity. Public sector entities are usually government departments, or organisations owned by the State. Private sector entities are businesses owned by private individuals or organisations.

Sustainable lending

For certain poor countries we can only support exports and investments which meet sustainable lending criteria. The export or investment must be expected to assist in the social and economic development of the country or territory, without adversely affecting its underlying debt sustainability position.

Premium indicator

Use our premium indicator tool to obtain an indicative premium rate for medium or long-term sovereign transactions where UKEF would be supporting a contract with an overseas sovereign buyer as the risk entity using Buyer Credit, Direct Lending, Lines of Credit, Bills and Notes Guarantee or Standard Buyer Loan Guarantee.

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