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

Customer service

A to Z list of country cover policies and indicators

Afghanistan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

Albania

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £500 million Yes Yes Two

Algeria

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

American Samoa

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£25 million to £50 million Yes Yes One

Andorra

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes Two

Angola

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £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.

Anguilla

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£10 million to £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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

Normally irrevocable letter of credit or equivalent security for private buyers.

Normally confirmed irrevocable letter of credit or equivalent security for sovereign/public buyers.

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

Argentina

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

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

Armenia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £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.

Subject to Care on Location.

Aruba

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes One

Australia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Azerbaijan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

Subject to Care on Location.

Bahamas

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

Bahrain

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

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 Consensus category
£500 million to £750 million Yes Yes Two

Subject to sustainable lending criteria.

Barbados

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Contact us Two

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

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 Consensus category
Contact us Contact us Contact us Two

Belgium

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Belize

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Contact us Two

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

Benin

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes Two

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

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 Consensus category
£500 million to £750 million Yes Yes One

Bhutan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £500 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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£500 million to £750 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 are also willing to look at medium/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 Consensus category
£150 million to £250 million Yes Yes Two

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

Botswana

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

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

Brazil

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

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 Consensus category
£50 million to £100 million Yes Yes One

Brunei Darussalam

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

Bulgaria

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion No Yes Two

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

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

Burkino Faso

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £250 million Yes Yes Two

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

Subject to Care on Location.

Subject to sustainable lending criteria.

Burma (Myanmar)

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £250 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.

Subject to sustainable lending criteria.

Burundi

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

Cambodia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £250 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.

Subject to sustainable lending criteria.

Cameroon

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £500 million Yes Yes Two

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

Subject to sustainable lending criteria.

Canada

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
£25 million to £50 million Yes Yes Two

Subject to sustainable lending criteria.

Cayman Islands

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes One

Central African Republic

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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.

Chad

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

Normally irrevocable letter of credit or equivalent security for private buyers.

Normally confirmed irrevocable letter of credit or equivalent security for sovereign/public buyers.

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

Subject to sustainable lending criteria.

Chile

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes One

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 Consensus category
At least £4 billion Yes Yes Two

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

Colombia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

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.

Comoros

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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.

Congo DR (formerly Zaire)

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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.

Subject to Care on Location.

Cook Islands

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us One

Costa Rica

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

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 Consensus category
£250 million to £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.

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 Consensus category
£1 billion to £2 billion No Yes Two

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

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

Cuba

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

For cash or short term business we can consider transactions where payments are secured by irrevocable letter of credit from Banco Nacional de Cuba. We can also consider irrevocable letters of credit from other Cuba banks provided that National Bank of Canada, Banco Sabadell or Scotia Bank are the advising bank for the letter of credit.

For medium or long term cover UKEF will consider projects that are the highest priority for the Cuban Government. Cover is limited and there is likely to be high demand. We would be also willing to look at foreign exchange earning projects, including project finance with suitable risk mitigants, on a case by case basis.

Curacao

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us Not applicable

Cyprus

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£750 million to £1 billion No Yes Two

We are prohibited under European Law from supporting credit insurance 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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

Normally irrevocable letter of credit or equivalent security for private buyers.

Normally confirmed irrevocable letter of credit or equivalent security for sovereign/public buyers.

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 Consensus category
£500 million to £750 million Yes Yes Two

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.

Dubai

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

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 Consensus category
£150 million to £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 are also willing to look at medium/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 Consensus category
£500 million to £750 million Yes Yes Two

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 Consensus category
Contact us Contact us Contact us Two

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

Equatorial Guinea

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

Normally irrevocable letter of credit or equivalent security for private buyers.

Normally confirmed irrevocable letter of credit or equivalent security for sovereign/public buyers.

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

Eritrea

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Ethiopia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £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.

Subject to sustainable lending criteria.

Falkland Islands

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£10 million to £25 million Yes Yes One

Faroe Islands

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes One

Fiji

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £500 million Yes Yes Two

Finland

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

France

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
Contact us Contact us Contact us One

Gabon

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £250 million Yes Yes Two

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

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

Gambia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£500 million to £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.

Subject to Care on Location.

Germany

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Ghana

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £500 million Yes Yes Two

Subject to sustainable lending criteria.

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

Gibraltar

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes One

Greece

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us One

Greenland

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes One

Grenada

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

Normally irrevocable letter of credit or equivalent security for private buyers.

Normally confirmed irrevocable letter of credit or equivalent security for sovereign/public buyers.

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

Guatamala

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

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 Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes Two

Subject to sustainable lending criteria.

Subject to Care on Location.

Haiti

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£500 million to £750 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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

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

Hungary

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
£2 billion to £3 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
At least £4 billion Yes Yes Two

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

Indonesia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

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

Iran

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Contact us Contact us Two

In 2017, UKEF reintroduced cover for Iran in Pounds Sterling and Euros. This is on a case-by-case basis, and allows for contracts of material size (hundreds of millions). UKEF will also consider applications for direct lending.

Iraq

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £250 million Yes Yes Two

Subject to Care on Location.

Ireland

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Israel

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes One

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

Italy

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Jamaica

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £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 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 Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Jordan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

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

Kazakhstan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

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

Kenya

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£750 million to £1 billion Yes Yes Two

Subject to sustainable lending criteria.

Kiribati

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Kosovo

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

Kuwait

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

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

Kyrgyzstan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £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.

Latvia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Lebanon

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £500 million Yes Yes Two

Subject to sustainable lending criteria.

Liberia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£25 million to £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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

Liechtenstein

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes Two

Lithuania

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£3 billion to £4 billion No Yes Two

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Luxembourg

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£3 billion to £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Macao

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£3 billion to £4 billion Yes Yes Two

Macedonia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£750 million to £1 billion Yes Yes Two

Madagascar

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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.

Malawi

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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.

Malaysia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

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

Maldives

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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.

Mali

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

Normally irrevocable letter of credit or equivalent security for private buyers.

Normally confirmed irrevocable letter of credit or equivalent security for sovereign/public buyers.

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

Subject to sustainable lending criteria.

Malta

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion No Yes Two

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Mauritania

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £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.

Subject to sustainable lending criteria.

Mauritius

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

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 Consensus category
At least £4 billion Yes Yes Two

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.

Micronesia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Moldova

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

Mongolia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £250 million Yes Yes Two

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

Montenegro

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £500 million Yes Yes Two

Montserrat

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us One

Morocco

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

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 Consensus category
Case by case Yes Contact us Two

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

Subject to sustainable lending criteria.

Namibia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£750 million to £1 billion Yes Yes Two

Nauru

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Yes Two

Nepal

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £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.

Subject to sustainable lending criteria.

Subject to Care on Location.

Netherlands

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Nicaragua

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£150 million to £250 million Yes Yes Two

Subject to sustainable lending criteria.

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

Niger

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

Normally irrevocable letter of credit or equivalent security for private buyers.

Normally confirmed irrevocable letter of credit or equivalent security for sovereign/public buyers.

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

Subject to sustainable lending criteria.

Nigeria

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£500 million to £750 million Yes Yes Two

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

Subject to Care on Location.

Niue

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us One

North Korea

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

North Mariana Islands

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us One

Norway

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
£1 billion to £2 billion Yes Yes Two

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

Pakistan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £500 million Yes Yes Two

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

Palua

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us Two

Palestinian Authority

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

Panama

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£3 billion to £4 billion Yes Yes Two

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.

Papua New Guinea

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£100 million to £150 million Yes Yes Two

Subject to sustainable lending criteria.

Paraguay

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

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 Consensus category
£3 billion to £4 billion Yes Yes Two

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 Consensus category
At least £4 billion Yes Yes Two

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

Poland

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

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

Portugal

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
Case by case Yes Yes One

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

Qatar

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

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

Romania

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£3 billion to £4 billion No Yes Two

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
Contact us Contact us Contact us Two

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

Rwanda

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £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.

Subject to sustainable lending criteria.

Samoa

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £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.

Subject to sustainable lending criteria.

San Marino

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes Two

Sao Tome and Principe

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

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

Senegal

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £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.

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

Subject to sustainable lending criteria.

Serbia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

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 Consensus category
£10 million to £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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

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

Sint Maarten

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us Not applicable

Slovakia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Slovenia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£3 billion to £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Somalia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

South Africa

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

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 Consensus category
At least £4 billion Yes Yes One

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

South Sudan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

Spain

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Sri Lanka

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£500 million to £750 million Yes Yes Two

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

St Helena

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£10 million to £25 million Yes Yes One

St Kitts and Nevis

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

Normally irrevocable letter of credit or equivalent security for private buyers.

Normally confirmed irrevocable letter of credit or equivalent security for sovereign/public buyers.

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

St Lucia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£50 million to £100 million Yes Yes Two

Subject to sustainable lending criteria.

St Pierre and Miquelon

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£10 million to £25 million Yes Yes One

St Vincent and the Grenadines

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£25 million to £50 million Yes Yes Two

Subject to sustainable lending criteria.

Sudan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

Suriname

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£25 million to £50 million Yes Yes Two

Subject to Care on Location.

Swaziland

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£25 million to £50 million Yes Yes Two

Sweden

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business 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 Consensus category
We are not able to offer any cover No No Not applicable

Taiwan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

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

Tajikistan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£10 million to £25 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 would prefer asset based finance or foreign exchange earning projects.

Subject to sustainable lending criteria.

Tanzania

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£500 million to £750 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.

Subject to Care on Location.

Thailand

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

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 Consensus category
£25 million to £50 million Yes Yes Two

Subject to sustainable lending criteria.

Togo

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Case by case Yes Yes Two

Normally irrevocable letter of credit or equivalent security for private buyers.

Normally confirmed irrevocable letter of credit or equivalent security for sovereign/public buyers.

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

Subject to sustainable lending criteria.

Tonga

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Trinidad and Tobago

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£2 billion to £3 billion Yes Yes Two

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 Consensus category
£1 billion to £2 billion Yes Yes Two

Turkey

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£3 billion to £4 billion Yes Yes Two

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

Turkmenistan

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£750 million to £1 billion 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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£25 million to £50 million Yes Yes One

Tuvalu

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£250 million to £500 million Yes Yes Two

Subject to sustainable lending criteria.

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

Ukraine

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us Two

United Arab Emirates (UAE)

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion Yes Yes Two

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 (USA)

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
At least £4 billion No Yes One

We are prohibited under European Law from supporting credit insurance business with a horizon of risk of less than 24 months.

Uruguay

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£3 billion to £4 billion Yes Yes One

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 Consensus category
£1 billion to £2 billion Yes Yes Two

Subject to sustainable lending criteria.

Vanuatu

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us Two

Subject to sustainable lending criteria.

Vatican City

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Less than £10 million Yes Yes Two

Venezuela

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Contact us Contact us Contact us Two

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

Vietnam

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£1 billion to £2 billion Yes Yes Two

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 Consensus category
£50 million to £100 million Yes Yes One

Yemen

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
We are not able to offer any cover No No Not applicable

Zambia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
£10 million to £25 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.

Subject to sustainable lending criteria.

Zimbabwe

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
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.

Consensus category (used in the country cover indicator 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.

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.

Market Risk Appetite increases

Following the increase in risk capacity announced in the Autumn Statement, we are reviewing our market risk appetite for all countries where we are open for medium/long term cover.

Given the number of countries where UKEF is on cover, these reviews will take place over a period of time.

Once a country has been reviewed in light of the Autumn Statement and our market risk capacity increased we will make this clear in the relevant country cover listing.

Premium indicator

Use our premium indicator tool to obtain an indicative premium rate for medium or long-term transactions, where UKEF will be supporting a contract with an overseas sovereign buyer as the risk entity.

Published 28 April 2013
Last updated 23 February 2018 + show all updates
  1. Updated to include details of UKEF's sovereign premium indicator tool.
  2. Updated country cover policies for Oman, Saudi Arabia and Dominican Republic
  3. Updated to reflect latest cover position
  4. Country cover indicators updated
  5. Change to the market risk appetite for Venezuela
  6. First published.