News story

UK Export Finance demonstrates its commitment to Libyan reconstruction

UKEF increases risk capacity for Libya to £375 million.

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

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