Cover policy and indicators
Find out about cover policy and indicators for countries and territories that are covered by UK Export Finance.
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 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 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.
Albania
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 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 | £500 million to £750 million | Yes | Yes | Two |
Angola
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Contact us | 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.
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 | Off cover | No | No | Not applicable |
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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 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 | |
---|---|---|---|---|
Cover policy | £500 million to £750 million | Yes | Yes | Two |
Bahrain
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £3 billion to £4 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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 billion | Yes | Yes | Two |
Subject to sustainable lending criteria.
Barbados
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.
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 | |
---|---|---|---|---|
Cover policy | Off cover | No | No | Not applicable |
Belgium
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
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.
We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.
Benin
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 |
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.
Bermuda
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £750 million to £1 billion | Yes | Yes | One |
Bhutan
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 |
For medium or long term cover we can only consider providing support for exports to private sector buyers.
Subject to sustainable lending criteria.
Subject to Care on Location.
Bolivia
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.
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 | |
---|---|---|---|---|
Cover policy | £2 billion to £3 billion | Yes | Yes | Two |
Botswana
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 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 | |
---|---|---|---|---|
Cover policy | £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.
British Virgin Islands
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £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 | |
---|---|---|---|---|
Cover policy | £2 billion to £3 billion | Yes | Yes | Two |
Bulgaria
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | Two |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | Case by case | Off cover | Contact us | Two |
For medium or long term cover we can only consider providing support for foreign exchange-earning projects.
Subject to Care on Location.
Subject to sustainable lending criteria.
Burundi
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.
Cambodia
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 |
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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 billion | 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.
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.
Canada
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | £250 million to £500 million | Yes | Yes | Two |
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.
Cayman Islands
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £500 million to £750 million | Yes | Yes | One |
Central African Republic
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | 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.
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.
Chad
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.
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.
Chile
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
Cover policy | 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.
We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.
Comoros
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
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.
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.
Congo DR (formerly Zaire)
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.
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 | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | One |
For cash or short term cover we would expect payments to be secured by irrevocable letter of credit or equivalent security.
We would need to conduct a country review to consider any medium or long-term cover.
Costa Rica
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 |
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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 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.
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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | Two |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
We can consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.
For medium or long term cover we can only consider providing support for foreign exchange-earning projects.
Curacao
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
We would need to conduct a country review to consider any cover.
Cyprus
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | Two |
UKEF’s cover policy applies only to the area under control of the Government of the Republic of Cyprus.
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.
Czech Republic
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | 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.
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.
Dominica
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 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 | |
---|---|---|---|---|
Cover policy | £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 on a case-by-case basis.
We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.
Dubai
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 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 | |
---|---|---|---|---|
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.
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 | |
---|---|---|---|---|
Cover policy | £750 million to £1 billion | 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 | |
---|---|---|---|---|
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.
Equatorial Guinea
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.
Eritrea
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 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.
Eswatini (formerly Swaziland)
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 |
Ethiopia
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.
Subject to sustainable lending criteria.
Subject to Care on Location.
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.
Falkland Islands
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £25 million to £50 million | Yes | Yes | One |
Faroe Islands
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.
Fiji
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 |
For medium/long term business, Local Currency Financing is available.
Finland
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
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.
Gabon
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.
Gambia
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 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.
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.
Georgia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £3 billion to £4 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.
For medium/long term business, we are willing to consider Local Currency Financing.
Subject to Care on Location.
Germany
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | Off cover | No | No | Not applicable |
Subject to sustainable lending criteria.
Gibraltar
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.
Greece
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £3 billion to £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.
Greenland
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Yes | One |
We would need to conduct a country review to consider any medium or long-term cover.
Grenada
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.
Guatamala
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £3 billion to £4 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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 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 sustainable lending criteria.
Subject to Care on Location.
Guinea-Bissau
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 | 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.
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.
Guyana
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 |
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 | |
---|---|---|---|---|
Cover policy | 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.
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.
Honduras
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 |
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 | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | £2 billion to £3 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | Yes | Yes | Two |
For medium/long term business, Local Currency Financing is available.
Subject to Care on Location.
Indonesia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £3 billion to £4 billion | Yes | Yes | Two |
For medium/long term business, Local Currency Financing is available.
Subject to Care on Location.
Iran
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Contact us | Contact us | Contact us | Two |
In 2016, 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 | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Yes | Two |
Capacity is limited and it is up to the Government of Iraq to decide which are the priority projects for financing within the cover available.
Subject to Care on Location.
For cash or short term cover we would expect payments to be secured by irrevocable letter of credit or equivalent security.
Ireland
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 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.
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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | £2 billion to £3 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 | |
---|---|---|---|---|
Cover policy | At least £4 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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 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 | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
Subject to sustainable lending criteria.
We would need to conduct a country review to consider any cover.
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.
Kosovo
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 confirmed irrevocable letter of credit or equivalent security.
Subject to sustainable lending criteria.
Kuwait
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | 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.
We would need to conduct a country review to consider any medium or long-term cover.
Subject to sustainable lending criteria.
Laos
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 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.
Latvia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
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.
Subject to Care on Location.
Lesotho
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 |
Subject to sustainable lending criteria.
Liberia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | Two |
For cash or short term cover we would expect payments to be secured by irrevocable letter of credit or equivalent security.
We would need to conduct a country review to consider any medium or long-term cover.
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.
Libya
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 |
Liechtenstein
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 |
Lithuania
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | Yes | Yes | Two |
Madagascar
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.
Subject to sustainable lending criteria.
Malawi
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.
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.
Malaysia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
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.
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.
Mali
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | Two |
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
Malta
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £2 billion to £3 billion | No | Yes | Two |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
Subject to sustainable lending criteria.
We would need to conduct a country review to consider any cover.
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.
Mauritania
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 |
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.
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.
Mauritius
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 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 | |
---|---|---|---|---|
Cover policy | 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.
We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.
Micronesia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
Subject to sustainable lending criteria.
We would need to conduct a country review to consider any cover.
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.
Moldova
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | 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.
We would need to conduct a country review to consider any medium or long-term cover.
Subject to sustainable lending criteria.
Monaco
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 |
Mongolia
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 |
Montenegro
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 |
Montserrat
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.
Morocco
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 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 | |
---|---|---|---|---|
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 foreign exchange-earning projects.
Subject to sustainable lending criteria.
Subject to Care on Location.
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.
Myanmar
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 |
Namibia
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 |
Nauru
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | Two |
We would need to conduct a country review to consider any medium or long-term cover.
Nepal
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 |
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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 billion | 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 | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | 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 cash or short term cover we would expect payments to be secured by irrevocable letter of credit or equivalent security.
We would need to conduct a country review to consider any medium or long-term cover.
Subject to sustainable lending criteria.
Nigeria
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 |
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 | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | One |
We would need to conduct a country review to consider any cover.
North Korea
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 |
North Macedonia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | Yes | Yes | Two |
North Mariana Islands
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | One |
We would need to conduct a country review to consider any cover.
Norway
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 billion | Yes | Yes | Two |
Pakistan
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.
Subject to Care on Location.
Palau
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
We would need to conduct a country review to consider any cover.
Palestinian Authority
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 |
Panama
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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.
We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.
Papua New Guinea
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 |
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.
Paraguay
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | Yes | Yes | Two |
For medium/long term business, we are willing to consider Local Currency Financing.
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 | |
---|---|---|---|---|
Cover policy | At least £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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | Yes | Yes | Two |
For medium/long term business, Local Currency Financing is available.
Subject to Care on Location.
Poland
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £2 billion to £3 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Yes | One |
Short term cover is available for private sector buyers only.
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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | Two |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | Off cover | No | No | Not Applicable |
Rwanda
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 |
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 | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | Two |
For cash or short term cover we would expect payments to be secured by irrevocable letter of credit or equivalent security.
We would need to conduct a country review to consider any medium or long-term cover.
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.
San Marino
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 |
Sao Tome and Principe
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 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.
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.
Saudi Arabia
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 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 | |
---|---|---|---|---|
Cover policy | £1 billion to £2 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.
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 | |
---|---|---|---|---|
Cover policy | At least £4 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 | |
---|---|---|---|---|
Cover policy | £150 million to £250 million | Yes | Yes | Two |
Sierra Leone
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 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.
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.
Singapore
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
We would need to conduct a country review to consider any cover.
Slovakia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
For medium or long term cover we can only consider providing support for foreign exchange-earning projects.
Subject to sustainable lending criteria.
Somalia
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.
South Africa
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £3 billion to £4 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | Yes | Yes | One |
For medium/long term business, Local Currency Financing is available.
We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.
South Sudan
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 | Two |
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.
Spain
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) with a horizon of risk of less than 24 months.
We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.
Sri Lanka
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Off cover | No | No | No |
St Helena
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Less than £10 million | Yes | Yes | One |
St Kitts and Nevis
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.
St Lucia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | Two |
Subject to sustainable lending criteria.
We would need to conduct a country review to consider any medium or long-term cover.
St Pierre and Miquelon
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.
St Vincent and the Grenadines
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £50 million to £100 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 | |
---|---|---|---|---|
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.
Suriname
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Yes | Two |
Subject to Care on Location.
For medium or long term cover we can only consider providing support for foreign exchange-earning projects.
Sweden
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
Cover policy | At least £4 billion | Yes | Yes | Two |
For medium/long term business, Local Currency Financing is available.
We can also consider business where the Central American Bank for Economic Integration (CABEI) acts as borrower or guarantor.
Tajikistan
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 |
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.
Subject to Care on Location.
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.
Tanzania
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 |
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.
Thailand
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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 | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | Two |
We would need to conduct a country review to consider any medium or long-term cover.
Subject to sustainable lending criteria.
Togo
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 |
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.
Tonga
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | Two |
We would need to conduct a country review to consider any medium or long-term cover.
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.
Trinidad and Tobago
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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.
Tunisia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Yes | Two |
Turkey
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 |
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 | |
---|---|---|---|---|
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.
Turks and Caicos Islands
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £100 million to £150 million | Yes | Yes | One |
Tuvalu
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
We would need to conduct a country review to consider any cover.
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.
Uganda
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 |
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 | |
---|---|---|---|---|
Cover policy | Contact us | Contact us | Contact us | Two |
Subject to Care on Location.
United Arab Emirates (UAE)
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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 of America (USA)
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £3 billion to £4 billion | No | Yes | One |
Due to obligations arising under UK international Trade Agreements, we are prohibited from supporting credit insurance business through UKEF’s Export Insurance Policy (EXIP) 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 | |
---|---|---|---|---|
Cover policy | 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.
Uzbekistan
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 |
Subject to sustainable lending criteria.
Vanuatu
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | Two |
We would need to conduct a country review to consider any medium or long-term cover.
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.
Vatican City
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Yes | Contact us | Two |
We would need to conduct a country review to consider any medium or long-term cover.
Venezuela
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | 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).
For medium or long term cover we can only consider providing support for foreign exchange-earning projects.
Vietnam
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | £3 billion to £4 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 | |
---|---|---|---|---|
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.
Yemen
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 |
Zambia
Market risk appetite | Cash or short term cover | Medium or long term cover | Consensus category | |
---|---|---|---|---|
Cover policy | Case by case | Contact us | Contact us | Two |
For cash or short term cover we would expect payments to be secured by an 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.
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.
Zimbabwe
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 |
Definitions
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.
Cash or Short Term Cover
Where the duration of the contract is less than 2 years, UKEF cannot support exports to European Union countries, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the United States of America because of obligations arising under UK international Trade Agreements.
Consensus category (used in the 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 or territory. 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.
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 or territory, without adversely affecting its underlying debt sustainability position.
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.
Last updated 28
-
Text removed from Sudan.
-
Changes to the following countries: Azerbaiajn Bangladesh Bosnia and Herzegovina Cote d'Ivoire Dominican Republic Honduras Jordan Macedonia Mongolia South Africa Turkmenistan
-
Changes to Costa Rica and Guatemala
-
Afghanistan and Comoros updated.
-
Albanian country cover
-
Ghana change
-
Changes to the following countries: - Egypt - Indonesia - Poland - Turkey
-
MRA for Pakistan updated.
-
Changes to Bolivia and Mali.
-
Market risk appetite for Indonesia updated.
-
Change to Ghana and Niger.
-
Banding changes for the following countries: - Andorra - Dubai - Jordan - Mauritius - Togo - Turks and Caicos Islands
-
Changes made to Antigua and Barbuda
-
Tunisia MRA changed to case by case.
-
Updated the market risk appetite for USA
-
Removed the word 'confirmed' from the Angola copy. Added a further sentence to the Ghana copy.
-
The Market Risk Appetite column for Angola has changed to 'contact us', given that our available MRA in the country is low.
-
Sri lanka cover updated
-
Cover for Sri Lanka updated.
-
Cover for Kosovo has been updated.
-
Market risk appetite for Angola updated.
-
MRA for Saudi Arabia updated.
-
Cover policy for Cote D'Ivoire updated.
-
Edited to reflect change in coverage for South Sudan. "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" has been removed.
-
Burkina Faso cover position changed
-
Cameroon updated to reflect updates to sustainable lending.
-
Updated cover details for El Salvador
-
Cash or short term cover information updated for European Union countries, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the United States of America due obligations arising under UK international Trade Agreements.
-
Market risk appetite for Turkey updated to £250 million to £500 million.
-
Changes to Belarus and Russia to reflect changes in cover
-
Changes to Burundi, Congo DR, Papa New Guinea, Vanuatu and Zambia to reflect updates to sustainable lending and changes to cover position.
-
Market risk appetite for Ukraine updated to Contact Us.
-
Market risk apetite for Ukraine updated to £1 billion to £2 billion.
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Myanmar cover is no longer available.
-
Market risk appetite in Ghana changed to £500 million - £750 million.
-
Changes made to reflect UKEF’s updated Exposure Management Framework.
-
Updated to reflect support for credit insurance business with a horizon of risk of less than 24 months in the EU, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the USA.
-
Updated MRA guidelines
-
Updated to include details of UKEF's sovereign premium indicator tool.
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Updated country cover policies for Oman, Saudi Arabia and Dominican Republic
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Updated to reflect latest cover position
-
Country cover indicators updated
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Change to the market risk appetite for Venezuela
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First published.
Update history
2024-07-09 14:16
Market risk appetites for Turkey and Egypt have been updated.
2024-06-04 14:59
Market risk appetite for Oman is now £3 billion to £4 biillion.
2024-05-09 11:01
Market risk appetite for Costa Rica and Jamaica have been updated.
2024-05-09 10:57
Amendments made to the following countries:BrazilEgyptGrenadaMaliQatarSt. Kitts and NevisSt. LuciaSt. Vincent and the GrenadinesSerbiaTurkeyTurks and Caicos Islands
2024-04-29 14:47
Amendments made to Grenada, St Kitts and Nevis and St Lucia
2024-04-09 16:25
Tajikistan entry edited.
2024-04-08 09:06
This entry was added to the following countries; Gambia, Haiti, Solomon Islands, and Timor l’Este:‘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’.This entry was added to the following countries; Grenada, Mali, Myanmar, Syria, Yemen, Zimbabwe:‘Subject to Sustainable Lending Criteria’.
2024-03-15 13:08
Changes to the following countries:ArmeniaBosnia and HerzegovinaGreeceHondurasJamaicaJordanOmanPolandQatarRwandaSeychellesTurkmenistanUzbekistanVietnam
2024-03-13 13:16
Market risk appetite for Turkey updated to £250 million to £500 million.
2024-03-05 09:10
St Vincent and the Grenadines MRA changed.
2024-02-06 16:35
Change to market risk appetite for Bolivia.
2024-02-02 16:35
Paragraph under Cameroon removed:‘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.’
2024-02-02 12:27
‘Subject to sustainable lending criteria’ for Cameroon removed.
2024-01-05 12:10
Updates to the market risk appetite for Albania, Algeria, Andorra, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Belgium, Bermuda, Bhutan, Botswana, Brazil, Brunei Darussalam, Bulgaria, Canada, Cayman Islands, Chile, China, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Dubai, Estonia, Fiji, Finland, France, Georgia, Germany, Greece, Guatemala, Guyana, Hong Kong, Hungary, Iceland, India, Ireland, Israel, Italy, Japan, Kazakhstan, South Korea,, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Macao, North Macedonia, Malaysia, Malta, Mauritius, Mexico, Mongolia, Montenegro, Morocco, Netherlands, New Zealand, Norway, Oman, Panama, Paraguay, Peru, Philippines, Portugal, Romania, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Eswatini, Sweden, Switzerland, Taiwan, Thailand, Trinidad and Tobago, Turkey, Uganda, United Arab Emirates, United States, Uruguay, Vietnam.
2023-10-09 14:32
Barbados details changed.
2023-10-02 15:45
Oman banding changed from £2bn to £3bn to £1bn to £2b.
2023-09-05 15:47
Market risk appetite for Oman increased to £2 billion to £3 billion.
2023-08-01 10:26
Local currency financing no longer available for Croatia.
2023-07-27 09:14
Turkey MRA updatedText added to ComorosText removed from Haiti and Gambia
2023-06-08 11:07
Changes for Nigeria made.
2023-05-25 17:06
Bolivia banding updated.
2023-05-03 15:58
MRA for Brazil, Poland and Uganda updated.
2023-04-28 10:06
Text removed from Sudan.
2023-04-12 13:40
Changes to the following countries:AzerbaiajnBangladeshBosnia and HerzegovinaCote d’IvoireDominican RepublicHondurasJordanMacedoniaMongoliaSouth AfricaTurkmenistan
2023-04-05 11:16
Changes to Costa Rica and Guatemala
2023-03-24 11:34
Afghanistan and Comoros updated.
2023-03-24 10:58
Albanian country cover
2023-03-22 10:54
Ghana change
2023-03-15 16:29
Changes to the following countries:EgyptIndonesiaPolandTurkey
2023-02-14 12:46
MRA for Pakistan updated.
2023-01-27 18:24
Changes to Bolivia and Mali.
2023-01-18 11:59
Market risk appetite for Indonesia updated.
2022-12-01 12:48
Change to Ghana and Niger.
2022-11-29 10:31
Banding changes for the following countries:AndorraDubaiJordanMauritiusTogoTurks and Caicos Islands
2022-11-24 14:13
Changes made to Antigua and Barbuda
2022-11-11 13:35
Tunisia MRA changed to case by case.
2022-11-02 13:08
Updated the market risk appetite for USA
2022-10-24 17:51
Removed the word ‘confirmed’ from the Angola copy.Added a further sentence to the Ghana copy.
2022-10-18 14:17
The Market Risk Appetite column for Angola has changed to ‘contact us’, given that our available MRA in the country is low.
2022-09-02 15:37
Sri lanka cover updated
2022-09-02 14:42
Cover for Sri Lanka updated.
2022-08-30 11:09
Cover for Kosovo has been updated.
2022-08-15 16:10
Market risk appetite for Angola updated.
2022-08-03 10:46
MRA for Saudi Arabia updated.
2022-06-20 10:52
Cover policy for Cote D’Ivoire updated.
2022-05-17 14:21
Edited to reflect change in coverage for South Sudan. “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” has been removed.
2022-05-11 10:54
Burkina Faso cover position changed
2022-04-21 14:12
Cameroon updated to reflect updates to sustainable lending.
2022-04-12 18:41
Updated cover details for El Salvador
2022-03-31 16:08
Cash or short term cover information updated for European Union countries, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the United States of America due obligations arising under UK international Trade Agreements.
2022-03-16 17:10
Market risk appetite for Turkey updated to £250 million to £500 million.
2022-03-15 12:18
Changes to Belarus and Russia to reflect changes in cover
2022-03-04 18:14
Changes to Burundi, Congo DR, Papa New Guinea, Vanuatu and Zambia to reflect updates to sustainable lending and changes to cover position.
2022-02-25 14:12
Market risk appetite for Ukraine updated to Contact Us.