UK Export Finance has increased its risk capacity for Libya to £375 million – up from the £150 million made available immediately after hostilities ended in September.
The increase was announced by the Minister for Trade, Lord Green, at the UKTI conference Rebuilding Libya: The Opportunities for British Business.
UK Export Finance chief economist Paul Radford said:
“This increase reflects the improvements in stability we have seen since the end of hostilities. As well as increasing our capacity to support British businesses, it sends a clear signal that the UK Government will do all it can to support the Libyan people in rebuilding their country.”