News story

UK Export Finance demonstrates its commitment to Libyan reconstruction

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

UKEF increases risk capacity for Libya to £375 million.

placeholder

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.”

Published 15 December 2011