Guidance

Country cover policy and indicators

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

Overview

Below you can find an indication of our current cover policy and risk appetite for each country. 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. 

The country cover indications are not indicative of the nature of the risks of doing business in any individual country. They should not be taken to mean that doing business in the country 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

Contact us

Consensus category (used in the country cover table)

Countries are classified under the Organisation for Economic Co-operation and Development (OECD) Arrangement on Officially Supported Export Credits which determines the maximum repayment terms.

Category One - maximum credit period is normally 8.5 years

Category Two - maximum credit period is normally 10 years

However, longer maximum repayment terms may be considered for large civil aircraft, nuclear and non-nuclear power stations, ships, renewable energies and water projects and projects where the cashflows generated will be used to repay the export credit loans.

You can see a full list of definitions if you are not sure what any of the terms mean.

Abu Dhabi

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Abu Dhabi At least £1 billion Yes Yes Two

Our market risk appetite for Abu Dhabi is shared with United Arab Emirates.

Afghanistan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Afghanistan We are not able to offer any cover No No Not applicable

Albania

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Albania £150 million - £250 million Yes Yes Two

Algeria

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Algeria At least £1 billion Yes Yes Two

American Samoa

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
American Samoa £25 million - £50 million Yes Yes One

Andorra

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Andorra £50 million - £100 million Yes Yes Two

Angola

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Angola £500 million - £750 million Yes Yes Two

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

Anguilla

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Anguilla £10 million - £25 million Yes Yes One

For medium or long term cover we can only consider providing support for exports to private sector buyers.

Antigua and Barbuda

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Antigua and Barbuda Case by case Yes Yes Two

For cash or short term cover we can only consider cover for the private sector. For medium or long term cover we can only consider providing support for foreign exchange-earning projects.

Argentina

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Argentina Case by case Yes Yes Two

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

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

Armenia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Armenia £250 million - £500 million Yes Yes Two

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

We will normally limit the maximum credit terms to 5 years.

Our market risk appetite is directed primarily at strong private sector entities and/or foreign exchange earning projects.

Subject to Care on Location.

Aruba

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Aruba £50 million - £100 million Yes Yes One

Australia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Australia At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Austria

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Austria At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Azerbaijan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Azerbaijan At least £1 billion Yes Yes Two

Subject to Care on Location.

Bahamas

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Bahamas At least £1 billion Yes Yes Two

Bahrain

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Bahrain £25 million - £50 million Yes Yes Two

Bangladesh

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Bangladesh £100 million - £150 million Yes Yes Two

Subject to sustainable lending criteria.

Barbados

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Barbados £250 million - £500 million Yes Yes Two

Belarus

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Belarus Contact us Contact us Contact us Two

Belgium

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Belgium At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Belize

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Belize Contact us Contact us Contact us Two

Benin

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Benin £25 million - £50 million Yes yes Two

For medium or long term cover we can only consider providing support for exports to private sector buyers.

Subject to sustainable lending criteria.

Bermuda

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Bermuda £500 million - £750 million Yes Yes One

Bhutan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Bhutan £50 million - £100 million Yes Yes Two

For medium or long term cover we can only consider providing support for exports to private sector buyers.

Subject to sustainable lending criteria.

Bolivia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Bolivia £150 million - £250 million Yes Yes Two

We can also consider business where the Andean Development Corporation (CAF) acts as borrower or guarantor.

Bosnia and Herzegovina

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Bosnia and Herzegovina £25 million - £50 million Yes Yes Two

For medium and long term cover we can only consider providing support for exports to private sector buyers.

Botswana

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Botswana At least £1 billion Yes Yes Two

Brazil

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Brazil At least £1 billion Yes Yes Two

British Virgin Islands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
British Virgin Islands £10 million - £25 million Yes Yes One

Brunei Darussalam

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Brunei Darussalam At least £1 billion Yes Yes Two

Bulgaria

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Bulgaria At least £1 billion No Yes Two

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Burkino Faso

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Burkino Faso Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Burma (Myanmar)

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Burma (Myanmar) Case by case Yes No Two

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

Burundi

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Burundi We are not able to offer any cover No No Not applicable

Cambodia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Cambodia £150 million - £250 million Yes Yes Two

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

Subject to sustainable lending criteria.

Cameroon

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Cameroon £50 million - £100 million Yes Yes Two

Subject to sustainable lending criteria.

Canada

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Canada At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Cape Verde

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Cape Verde £25 million - £50 million Yes Yes Two

Cayman Islands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Cayman Islands £50 million - £100 million Yes Yes One

Central African Republic

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Central African Republic We are not able to offer any cover No No Not applicable

Chad

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Chad Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Chile

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Chile At least £1 billion Yes Yes Two

China

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
China At least £1 billion Yes Yes Two

Colombia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Colombia At least £1 billion Yes Yes Two

Subject to Care on Location.

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

Comoros

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Comoros Case by case No Yes Two

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

Subject to sustainable lending criteria.

Congo

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Congo Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Congo DR (formerly Zaire)

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Congo DR (formerly Zaire) We are not able to offer any cover No No Not applicable

Cook Islands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Cook Islands Contact us Contact us Contact us One

Costa Rica

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Costa Rica £750 million - £1billion Yes Yes Two

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

Cote D’Ivoire

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Cote D’Ivoire £25 million - £50 million Yes Yes Two

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

For medium and long term cover we can only consider providing support for exports to private sector buyers.

Subject to sustainable lending criteria.

Croatia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Croatia £750 million - £1billion Yes Yes Two

Cuba

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Cuba Contact us Yes Yes Two

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

For medium or long term cover UK Export Finance is only likely to consider the straightforward supply of goods and services, not projects or FDI/JVs, where the receivables are payable by a foreign company, as opposed to a Cuban buyer, into an offshore account.

Curacao

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Curacao Contact us Contact us Contact us Not applicable

Cyprus

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Cyprus Contact us No Contact us Two

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months. UKEF’s cover policy applies only to the area under control of the Government of the Republic of Cyprus.

Czech Republic

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Czech Republic At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Denmark

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Denmark At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Djibouti

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Djibouti Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Dominica

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Dominica Case by case Yes Yes Two

For cash or short term cover we can only consider cover for the private sector. For medium or long term cover we can only consider providing support for foreign exchange-earning projects.

Dominican Republic

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Dominican Republic £50 million - £100 million Yes Yes Two

Dubai

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Dubai At least £1 billion Yes Yes Two

Ecuador

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Ecuador Case by case Yes Yes Two

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

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

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

Egypt

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Egypt Contact us Contact us Contact us Two

El Salvador

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
El Salvador £250 million - £500 million Yes Yes Two

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

Equatorial Guinea

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Equatorial Guinea Case by case Yes Yes Two

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

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

Eritrea

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Eritrea Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Estonia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Estonia At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Ethiopia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Ethiopia £25 million - £50 million Yes Yes Two

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

Subject to sustainable lending criteria.
For credit periods of over 3 years we would prefer to provide support for foreign exchange earning projects.

Falkland Islands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Falkland Islands £10 million - £25 million Yes Yes One

Faroe Islands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Faroe Islands £50 million - £100 million Yes Yes One

Fiji

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Fiji £25 million - £50 million Yes Yes Two

It is UK Government policy not to provide assistance to the the interim Government of Fiji. We are therefore only likely to be able to consider providing support for exports to private sector buyers.

Finland

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Finland At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

France

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
France At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

French Polynesia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
French Polynesia Contact us Contact us Contact us One

Gabon

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Gabon £250 million - £500 million Yes Yes Two

Gambia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Gambia Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Georgia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Georgia £250 million - £500 million Yes Yes Two

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

Our market risk appetite is directed primarily at strong private sector entities and/or well-structured foreign exchange earning projects.

Subject to Care on Location.

Germany

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Germany At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Ghana

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Ghana £150 million - £250 million Yes Yes Two

Subject to sustainable lending criteria.

Gibraltar

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Gibraltar £50 million - £100 million Yes Yes One

Greece

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Greece Contact us Contact us Contact us One

Greenland

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Greenland £50 million - £100 million Yes Yes One

Grenada

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Grenada Contact us Contact us Contact us Two

For cash or short term cover we can only consider cover for the private sector. For medium or long term cover we can only consider providing support for foreign exchange-earning projects. Subject to sustainable lending criteria.

Guatemala

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Guatemala £250 million - £500 million Yes Yes Two

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

Guinea

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Guinea Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Guinea-Bissau

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Guinea-Bissau Case by case Yes No Not applicable

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

Subject to sustainable lending criteria.

Guyana

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Guyana £25 million - £50 million Yes Yes Two

For medium or long term cover we can only consider providing support for private sector buyer/borrowers.

Subject to sustainable lending criteria.

Subject to Care on Location.

Haiti

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Haiti Case by case No Yes Two

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

Subject to sustainable lending criteria.

Honduras

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Honduras £150 million - £250 million Yes Yes Two

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

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

Subject to sustainable lending criteria.

Hong Kong

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Hong Kong At least £1 billion Yes Yes Two

Hungary

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Hungary At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Iceland

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Iceland Contact us No Contact us One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

India

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
India At least £1 billion Yes Yes Two

Indonesia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Indonesia At least £1 billion Yes Yes Two

Iran

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Iran We are not able to offer any cover No No Not applicable

Iraq

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Iraq £500 million - £750 million Yes Yes Two

Subject to Care on Location.

Ireland

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Ireland At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Israel

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Israel At least £1 billion Yes Yes One

Italy

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Italy At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Jamaica

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Jamaica Case by case Yes Yes Two

For medium or long term cover we can only consider providing support for foreign exchange-earning projects.Cash cover is available for private sector buyers only.

Japan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Japan At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Jordan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Jordan £500 million - £750 million Yes Yes Two

Kazakhstan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Kazakhstan At least £1 billion Yes Yes Two

Kenya

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Kenya £250 million - £500 million Yes Yes Two

Our market risk appetite is primarily directed at strong private sector entities and/or well structured foreign exchange earning projects.

Subject to sustainable lending criteria.

Kiribati

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Kiribati Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Kosovo

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Kosovo We are not able to offer any cover No No Not applicable

Kuwait

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Kuwait At least £1 billion Yes Yes Two

Kyrgyzstan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Kyrgyzstan Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Laos

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Laos Contact us Yes Contact us Two

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

Subject to sustainable lending criteria.

We would need to conduct a country review before considering any medium or long term cover.

Latvia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Latvia At least £1 billion No Yes Two

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Lebanon

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Lebanon Case by case Yes Yes Two

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

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

Subject to Care on Location.

Lesotho

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Lesotho £25 million - £50 million Yes Yes Two

Subject to sustainable lending criteria.

Liberia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Liberia £25 million - £50 million Yes Yes Two

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

For medium or long term business we would consider private sector only.

Subject to sustainable lending criteria.

Libya

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Libya Contact us Contact us Contact us Two

Liechtenstein

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Liechtenstein £50 million - £100 million Yes Yes Two

Lithuania

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Lithuania At least £1 billion No Yes Two

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Luxembourg

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Luxembourg At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Macao

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Macao At least £1 billion Yes Yes Two

Macedonia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Macedonia £500 million - £750 million Yes Yes Two

Madagascar

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Madagascar Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Malawi

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Malawi Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Malaysia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Malaysia At least £1 billion Yes Yes Two

Maldives

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Maldives Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Mali

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Mali Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Malta

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Malta At least £1 billion No Yes Two

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Marshall islands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Marshall islands Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Mauritania

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Mauritania Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Mauritius

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Mauritius At least £1 billion Yes Yes Two

Mexico

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Mexico At least £1 billion Yes Yes Two

Micronesia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Micronesia Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Moldova

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Moldova Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Monaco

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Monaco At least £1 billion Yes Yes Two

Mongolia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Mongolia £100 million - £150 million Yes Yes Two

Montenegro

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Montenegro £50 million - £100 million Yes Yes Two

Montserrat

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Montserrat Contact us Contact us Contact us One

Morocco

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Morocco At least £1 billion Yes Yes Two

Mozambique

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Mozambique £150 million - £250 million Yes Yes Two

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

Our market risk appetite is directed primarily at strong private sector entities and/or well-structured foreign exchange earning projects.

Subject to sustainable lending criteria.

Namibia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Namibia £500 million - £750 million Yes Yes Two

Nauru

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Nauru Contact us Contact us Yes Two

Nepal

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Nepal Case by case Yes No Not applicable

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

Subject to sustainable lending criteria.

Netherlands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Netherlands At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

New Zealand

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
New Zealand At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Nicaragua

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Nicaragua £150 million - £250 million Yes Yes Two

Our market risk appetite is directed primarily at strong private sector entities and/or foreign exchange earning projects.

Subject to sustainable lending criteria.

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

Niger

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Niger Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Nigeria

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Nigeria £250 million - £500 million Yes Yes Two

Subject to sustainable lending criteria.

Subject to Care on Location.

Niue

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Niue Contact us Contact us Contact us One

North Korea

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
North Korea We are not able to offer any cover No No Not applicable

North Mariana Islands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
North Mariana Islands Contact us Contact us Contact us One

Norway

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Norway At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Oman

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Oman £750 million - £1billion Yes Yes Two

Pakistan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Pakistan £100 million - £150 million Yes Yes Two

For medium or long term cover we can only consider providing support for exports to private sector buyers in Pakistan with a preference for projects which generate foreign exchange.

Palau

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Palau Contact us Contact us Contact us Two

Palestinian Authority

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Palestinian Authority We are not able to offer any cover No No Not applicable

Panama

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Panama At least £1 billion Yes Yes Two

Papua New Guinea

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Papua New Guinea £150 million - £250 million Yes Yes Two

Paraguay

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Paraguay £250 million - £500 million Yes Yes Two

Peru

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Peru At least £1 billion Yes Yes Two

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

Philippines

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Philippines At least £1 billion Yes Yes Two

Poland

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Poland At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Portugal

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Portugal At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Puerto Rico

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Puerto Rico At least £1 billion Yes Yes One

Qatar

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Qatar At least £1 billion Yes Yes Two

Romania

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Romania At least £1 billion No Yes Two

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Russian Federation

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Russian Federation At least £1 billion Yes Yes Two

Rwanda

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Rwanda Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Samoa

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Samoa £50 million - £100 million Yes Yes Two

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

Subject to sustainable lending criteria.

San Marino

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
San Marino £50 million - £100 million Yes Yes Two

Sao Tome and Principe

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Sao Tome and Principe Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Saudi Arabia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Saudi Arabia At least £1 billion Yes Yes Two

Senegal

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Senegal £25 million - £50 million Yes Yes Two

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

Sustainable lending criteria apply

Our market risk appetite is directed primarily at strong private sector entities and/or well-structured foreign exchange earning projects.

Serbia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Serbia £50 million - £100 million Yes Yes Two

Seychelles

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Seychelles £10 million - £25 million Yes Yes Two

For cash or short term cover and medium or long term cover we can only consider cover for the private sector.

Sierra Leone

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Sierra Leone Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Singapore

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Singapore At least £1 billion Yes Yes Two

Sint Maarten

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Sint Maarten Contact us Contact us Contact us Not applicable

Slovakia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Slovakia At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Slovenia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Slovenia At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Solomon Islands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Solomon Islands Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Somalia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Somalia We are not able to offer any cover No No Not applicable

South Africa

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
South Africa At least £1 billion Yes Yes Two

South Korea

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
South Korea At least £1 billion Yes Yes One

South Sudan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
South Sudan Contact us Contact us Contact us Not applicable

Spain

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Spain At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Sri Lanka

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Sri Lanka £250 million - £500 million Yes Yes Two

St Helena

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
St Helena £10 million - £25 million Yes Yes One

St Kitts and Nevis

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
St Kitts and Nevis Case by case Yes Yes Two

For cash or short term cover we can only consider cover for the private sector. For medium or long term cover we can only consider providing support for foreign exchange-earning projects.

St Lucia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
St Lucia £50 million - £100 million Yes Yes Two

St Pierre and Miquelon

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
St Pierre and Miquelon £10 million - £25 million Yes Yes One

St Vincent

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
St Vincent £50 million - £100 million Yes Yes Two

Sudan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Sudan We are not able to offer any cover No No Not applicable

Suriname

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Suriname £25 million - £50 million Yes Yes Two

Subject to Care on Location.

Swaziland

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Swaziland Contact us Contact us Contact us Two

Sweden

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Sweden At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Switzerland

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Switzerland At least £1 billion No Yes One

We are prohibited under European Union law from supporting business with a horizon of risk of less than 24 months.

Syria

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Syria We are not able to offer any cover No No Not applicable

Taiwan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Taiwan At least £1 billion Yes Yes Two

Tajikistan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Tajikistan Case by case Yes Yes Two

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

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

Subject to sustainable lending criteria.

Tanzania

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Tanzania £250 million - £500 million Yes Yes Two

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

Our market risk appetite is directed primarily at strong private sector entities and/or foreign exchange earning projects.

Subject to sustainable lending criteria.

Thailand

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Thailand At least £1 billion Yes Yes Two

Timor l’Este

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Timor l’Este £25million - £50million Yes Yes Two

Subject to sustainable lending criteria.

Togo

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Togo Case by case No Yes Two

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

Subject to sustainable lending criteria.

Tonga

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Tonga Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Trinidad and Tobago

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Trinidad and Tobago At least £1 billion Yes Yes Two

Tunisia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Tunisia £500 million - £750 million Yes Yes Two

Turkey

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Turkey At least £1 billion Yes Yes Two

Turkmenistan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Turkmenistan £50 million - £100 million Yes Yes Two

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

Turks and Caicos Islands

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Turks and Caicos Islands £10 million - £25 million Yes Yes One

Tuvalu

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Tuvalu Contact us Contact us Contact us Two

We would need to conduct a country review to consider any cover. Subject to sustainable lending criteria.

Uganda

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Uganda £50 million - £100 million Yes Yes Two

Our market risk appetite is directed primarily at strong private sector entities and/or foreign exchange earning projects.

Subject to sustainable lending criteria.

Ukraine

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Ukraine Contact us Contact us Contact us Two

United Arab Emirates

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
United Arab Emirates At least £1 billion Yes Yes Two

Our market risk appetite for United Arab Emirates is shared with Abu Dhabi.

United States

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
United States At least £1 billion No Yes One

We are prohibited under EU law from supporting business with a horizon of risk of less than 24 months.

Uruguay

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Uruguay At least £1 billion Yes Yes One

Uzbekistan

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Uzbekistan £250 million - £500 million Yes Yes Two

For medium or long term cover we can only consider providing support for exports to public sector buyers. We would require a sovereign guarantee.

Vanuatu

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Vanuatu Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Vatican City

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Vatican City Less than £10 million Yes Yes Two

Venezuela

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Venezuela Contact us Contact us Contact us Two

Vietnam

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Vietnam £250 million - £500 million Yes Yes Two

Virgin Island (US)

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Virgin Island (US) £50 million - £100 million Yes Yes One

Yemen

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Yemen We are not able to offer any cover No No Not applicable

Zambia

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Zambia £150 million - £250 million Yes Yes Two

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

Our market risk appetite is directed primarily at strong private sector entities and/or well-structured foreign exchange earning projects.

Subject to sustainable lending criteria.

Zimbabwe

Country Market risk appetite (£million) Cash or short term cover Medium or long term cover Consensus category
Zimbabwe We are not able to offer any cover No No Not applicable

Definitions

Cash or short term cover

Where the duration of the contract is less than 2 years UKEF cannot support exports to European Union countries (except for Greece), Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the United States of America because of European Union regulations.

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.

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.

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, without adversely affecting its underlying debt sustainability position.

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