GovWire

Guidance: Cover policy and indicators

Uk Export Finance

August 15
15:10 2022

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

Market Risk Appetite

For foreign exchange earning projects with robust financing structures and strong risk mitigants, UKEF may be able to exceed the market risk appetite specified. We make these decisions on a case by case basis.

The cover indications are not indicative of the nature of the risks of doing business in any individual country or territory. They should not be taken to mean that doing business in the country or territory in question is risk free, and you should carry out your own due diligence.

You should contact our customer serviceteam if you:

  • have a business enquiry
  • want more information
  • wantto find out where overseas investment insurance cover may be available
  • wish to find out more about our cover position on any country or territory

Contact us

Customer service

Email customer.service@ukexportfinance.gov.uk

Telephone +44 (0)20 7271 8010

A to Z list of country or territory cover policies and indicators

Afghanistan

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

Subject to sustainable lending criteria.

In view of the IMF and/or World Bank zero non-concessional borrowing limit for this country UKEF is unable to provide medium or long term cover for sovereign or public buyer/borrowers unless the IMF and/or World Bank grant the authorities a waiver for the transaction.

Albania

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

Algeria

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

Subject to Care on Location.

American Samoa

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

We would need to conduct a country review to consider any medium or long-term cover.

Andorra

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

Angola

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Cover policy 750 million to 1 billion 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
Cover policy Case by case Yes Contact us One

We would need to conduct a country review to consider any medium or long-term cover.

Antigua and Barbuda

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

Argentina

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

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.

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

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

Armenia

Market risk appetite Cash or short term cover Medium or long term cover Consensus category
Cover policy 2 billion to 3 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.

Subject to Care on Location.

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

Aruba

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

Australia

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

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