Cover policy and indicators
Source: gov.uk (2025-12-10)

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 xxx@xxx.xx (mailto:xxx@xxx.xx%20)

Telephone xx-xxxx-xxxx

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

Afghanistan

Subject to sustainable lending criteria (#sustainable).

Albania

Algeria

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505035744%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=5GH2%2FzgTl3KHgioY3hSnEu9%2F8FiVpqM%2Fu8SAQWq52to%3D&reserved=0).

American Samoa

Andorra

Angola

Anguilla

Antigua and Barbuda

Argentina

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

We are willing to consider medium or long-term business involving the Andean Development Corporation (Corporacion Andina de Fomento) or the Central American Bank for Economic Integration (CABEI).

Armenia

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 (#carelocation).

For medium/long term business, we are willing to consider Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing).

Aruba

Australia

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Austria

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

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505057270%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=6cycQ37iK5afOfvXlrUIh3QxXPMqOBojVvJB8iCtiuA%3D&reserved=0).

Bahamas

Bahrain

For medium/long term business, we are willing to consider Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing).

Bangladesh

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505070603%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=zhWCG15CDlzwBAEdM6XgGCN9rmPPUhdDmuuf5W4MGEU%3D&reserved=0).

Barbados

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).

Belarus

Belgium

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

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

We are willing to consider medium or long-term business involving the Central American Bank for Economic Integration (CABEI).

Benin

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 (https://www.gov.uk/guidance/local-currency-financing).

Subject to sustainable lending criteria (#sustainable).

Subject to Care on Location (#carelocation).

Bermuda

Bhutan

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

Subject to sustainable lending criteria (#sustainable).

Subject to Care on Location (#carelocation).

Bolivia

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

We are willing to consider medium or long-term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Bosnia and Herzegovina

Botswana

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Brazil

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

British Virgin Islands

Brunei Darussalam

Bulgaria

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Burkina Faso

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505083662%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=qHq%2FeoI0rEe6CEVrEW7mCpMj7RgOLUZvFGWGU9vG5sk%3D&reserved=0).

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505100739%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=VZY4TRuqwOeWI2K3mwGnjfpwAhyJiHjxva90AZqqw4E%3D&reserved=0).

Burundi

Subject to sustainable lending criteria (#sustainable).

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

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505115398%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=FO%2FwyUtlEZJWmIEfwQugJaRHYf5v%2FqjufU8of0%2BxBxc%3D&reserved=0).

Cameroon

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505128114%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=8sW1Fmw1ETUQ%2B0C0YZEkDsiFkj4gydd8YCDzunFpatA%3D&reserved=0).

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505141095%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=7Xh9jaw2rqSDrHo3MM6RZ4OodSAb3JkKwXJsejH0Suo%3D&reserved=0).

For medium and long-term business, Local Currency Financing (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Flocal-currency-financing&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505154309%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=DDmQbS5XVrEDSIAHPQyVCP5nFZFIG5jgiozbluz69Mg%3D&reserved=0) is available.

Canada

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Cape Verde

Subject to sustainable lending criteria (#sustainable).

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

Central African Republic

Subject to sustainable lending criteria (#sustainable).

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

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505167219%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=xXPMuZw5dW8sgFP8nLhh4Q1tCXwWFgo94Ac6BTovCrw%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Chad, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Chile

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

China

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Colombia

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Subject to Care on Location (#carelocation).

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

Comoros

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C5a0158006f6146cd23e808dde4a335af%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638918111818350392%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=aiRIkDXd%2Fet%2FM7NRGqOa2xH4MbJVeIbh0BaRBEyuEpE%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Comoros, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Congo

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505179762%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=s9DOdnusIaMoQ1mNJ1Zuz0bziUCbn8hWowJMO1SIaAQ%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Congo, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Congo DR (formerly Zaire)

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505192330%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=7uIQU27%2FpwokUjKLAcH45Laa1SLbLZlc0%2BQ1%2FhyvDXM%3D&reserved=0).

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505205106%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=L2s%2F6duZssd7tQSz0YE7l%2B11OZFXBYCij4AicC3D9i0%3D&reserved=0).

Cook Islands

Costa Rica

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

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 (https://www.gov.uk/guidance/local-currency-financing).

Subject to sustainable lending criteria (#sustainable).

Subject to Care on Location (#carelocation).

Croatia

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.

Cuba

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

Cyprus

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

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Denmark

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Djibouti

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C5a0158006f6146cd23e808dde4a335af%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638918111818391505%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=q4d5f4Q0sE4PyLx8eWN%2FA%2B6TmIGcS%2FHE7zgVa8nHCgQ%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Djibouti, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Dominica

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 (#sustainable).

Dominican Republic

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 (https://www.gov.uk/guidance/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

For medium/long term business, we are willing to consider Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing).

Ecuador

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

We are willing to consider medium or long-term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Egypt

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

For medium and long-term business, Local Currency Financing (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Flocal-currency-financing&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505218199%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=ZKKd5TY2XmEF6yqRG4Q8%2BQs5jy3DZxDkb3cpgwCuGkc%3D&reserved=0) is available.

El Salvador

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Equatorial Guinea

Eritrea

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C5a0158006f6146cd23e808dde4a335af%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638918111818421767%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=IIf2iIlwklOzwOl4uCrs%2F%2B379mvk%2BLYwxyDgBjPrD7I%3D&reserved=0).

Estonia

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)

Ethiopia

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505230745%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=2U7l3xVG8ToZE6h7YDX0wiZ3ct9WXMAdFNlWNlKxBNg%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Ethiopia, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505245462%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=pQ1Tb8dhE710NDRt%2FGM2jNbMRW2EkFcNhzF68ERU4qY%3D&reserved=0).

Falkland Islands

Faroe Islands

Fiji

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Finland

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

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

French Southern Territories

Gabon

Gambia

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C5a0158006f6146cd23e808dde4a335af%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638918111818446205%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=r8NGZeJzsPZwVSPhkDeTfvBINrcCWWZ9lscBA9vVSos%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Gambia, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Georgia

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 (https://www.gov.uk/guidance/buyer-credit-facility-additional-features).

Subject to Care on Location (#carelocation).

Germany

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

Subject to sustainable lending criteria (#sustainable).

Gibraltar

Greece

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

Grenada

Subject to sustainable lending criteria (#sustainable).

Guatemala

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

Guinea

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505261453%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=D4V5d6xV%2FRYhYvMhm7hi6igwuaRrd7ZLKILLuDRYGDM%3D&reserved=0).

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505274617%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=S4wcNW4lJneiMzA1SeeJ6harFGfo9Tvij0yFxOrGlpo%3D&reserved=0).

Guinea-Bissau

Subject to sustainable lending criteria (#sustainable).

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

Subject to sustainable lending criteria (#sustainable).

Subject to Care on Location (#carelocation).

Haiti

Honduras

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 (#sustainable).

Hong Kong

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Hungary

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Iceland

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

India

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Subject to Care on Location (#carelocation).

Indonesia

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Subject to Care on Location (#carelocation).

Iran

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

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.

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C5a0158006f6146cd23e808dde4a335af%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638918111818463518%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=Co0MqPVod2cWfkz5ZZBK07LsbAQ6FKUh2e7zW7zzxAY%3D&reserved=0).

Ireland

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

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Italy

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

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

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

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Kazakhstan

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Kenya

Subject to sustainable lending criteria (#sustainable).

Kiribati

Subject to sustainable lending criteria (#sustainable).

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

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 (#sustainable).

Kuwait

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Kyrgyzstan

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505287987%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=oxqvA6aJQ5wQueJFnXkmf%2BxJO7YbR0u70AjtzuX0Eaw%3D&reserved=0).

Laos

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505301441%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=VOW%2F8tZSEjH2SYMXpak5BI0JONZA3%2BvOKHREoW7cKFU%3D&reserved=0).

Latvia

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

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C5a0158006f6146cd23e808dde4a335af%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638918111818484024%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=Scm0iruoXItz9M13aomVLSKq19e90zsV2hfrnAQT0WQ%3D&reserved=0).

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Lesotho

Subject to sustainable lending criteria (#sustainable).

Liberia

Subject to sustainable lending criteria (#sustainable).

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

Liechtenstein

Lithuania

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

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

Madagascar

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505314813%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=TAKeuo6bqbxMRY2eBHdKeOygLFqZYUkUpgWGdt5tV4U%3D&reserved=0).

Malawi

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C5a0158006f6146cd23e808dde4a335af%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638918111818508538%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=G3OxmB8sRW0%2BnGbklYYkoUpamI5yPt7l1bqPzYuc6f4%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Malawi, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Malaysia

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Maldives

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505327910%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=I1VJjWAQ4oMCH28DP4iRaKuxci7e0raCZE5qQK9pyTM%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for the Maldives, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Mali

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505341002%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=EdaBaL0y7jvHL9hUgr%2Fl2O25oZ93DXKriRqVX%2BLrtU4%3D&reserved=0).

Malta

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

Subject to sustainable lending criteria (#sustainable).

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

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505353663%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=BOOpfrUlI56bMsz9t64gP21xIb7F6kq12mohEHpVPSc%3D&reserved=0).

Mauritius

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available on a case-by-case basis.

Mexico

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 (https://www.gov.uk/guidance/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

Subject to sustainable lending criteria (#sustainable).

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

Subject to sustainable lending criteria (#sustainable).

Monaco

Mongolia

Montenegro

Montserrat

Morocco

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available on a case-by-case basis.

Mozambique

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505366244%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=N9i6W8RFQaY%2BDMQXabxwlgJBr8XTXShIquJjWtt2FGo%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Mozambique, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505378938%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=eKuQmDzEMymvMwYjYFmIcI6qUblLvTfq7wEeFPFartc%3D&reserved=0).

Myanmar

Subject to sustainable lending criteria (#sustainable).

Namibia

Nauru

Nepal

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 (#sustainable).

Subject to Care on Location (#carelocation).

Netherlands

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

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

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505391840%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=W9TVEzHV7RrQ%2BBtDPK43irRFHT%2FxQ%2BJG3Zxqb%2Fcrux4%3D&reserved=0).

We are willing to consider medium or long-term business involving the Central American Bank for Economic Integration (CABEI).

Niger

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505406895%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=fk7W7vl90p62cSPq9%2BKxIZuel%2Bmlco1BHkTS0nvA%2F8I%3D&reserved=0).

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505420650%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=nkKwLvIoCLMMBdM9%2B%2Ftib5LXfZDZ%2B1h37fMpF2JReb0%3D&reserved=0).

Nigeria

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505433961%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=vbjo0cwAV5orWhjJIYj6kccYMdC9dp%2Fgz%2BGpFC8PBL0%3D&reserved=0).

Niue

North Korea

North Macedonia

North Mariana Islands

We would need to conduct a country review to consider any cover.

Norway

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Oman

Pakistan

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505447020%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=5AqVbYBCylLsdiPKjNi7vOqDSyj9TTPAQv8lE1qClTw%3D&reserved=0).

Palau

We would need to conduct a country review to consider any cover.

Palestinian Authority

Panama

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 (https://www.gov.uk/guidance/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

Subject to sustainable lending criteria (#sustainable).

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

For medium/long term business, we are willing to consider Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing).

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

Peru

We can also consider business in Peru where the CAF acts as borrower or guarantor.

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Philippines

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Subject to Care on Location (#carelocation).

Poland

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Portugal

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

Qatar

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Romania

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Russian Federation

Rwanda

Subject to sustainable lending criteria (#sustainable).

Samoa

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 (#sustainable).

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

Sao Tome and Principe

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C5a0158006f6146cd23e808dde4a335af%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638918111818527163%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=HuyN%2B2C8fwWGqKs7Ld3No8j1AmCXM0U%2FIGKK3nHfLwg%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Sao Tome and Principe, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Saudi Arabia

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Senegal

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505460075%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=%2FKfluHAHhB615%2FNtjq9NiS84knWqdXo5ez8sdtDOAlk%3D&reserved=0).

Serbia

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available on a case-by-case basis.

Seychelles

Sierra Leone

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C5a0158006f6146cd23e808dde4a335af%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638918111818543369%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=mEwfc2Fr6YzYDvizeLiv8H0tbrOSAl89i0JCLafdmvE%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Sierra Leone, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Singapore

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Slovakia

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

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

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

Subject to sustainable lending criteria (#sustainable).

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.

Somalia

Subject to sustainable lending criteria (#sustainable).

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

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

South Korea

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/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

Subject to sustainable lending criteria (#sustainable).

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

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

St Helena

St Kitts and Nevis

St Lucia

Subject to sustainable lending criteria (#sustainable).

St Pierre and Miquelon

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

St Vincent and the Grenadines

Subject to sustainable lending criteria (#sustainable).

Sudan

Subject to sustainable lending criteria (#sustainable).

Suriname

Subject to Care on Location (#carelocation).

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

Sweden

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Switzerland

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Syria

Subject to sustainable lending criteria (#sustainable).

Taiwan

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/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

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505472780%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=AvKaKaw6ESYU8l4FiluU7Tse7MLaq9LkZ36GjNqnyLw%3D&reserved=0).

Subject to Care on Location (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23carelocation&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505485530%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=qzx3EGj4ZGiJPfe8D6hcPWI5uD0L9pFYNs7VUhLSLpk%3D&reserved=0).

Tanzania

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 (https://www.gov.uk/guidance/buyer-credit-facility-additional-features).

Subject to sustainable lending criteria (#sustainable).

Subject to Care on Location (#carelocation).

Thailand

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Timor l’Este

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

Subject to sustainable lending criteria (#sustainable).

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.

Togo

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 (#sustainable).

Subject to Care on Location (#carelocation).

Tonga

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

Subject to sustainable lending criteria (#sustainable).

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

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Tunisia

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank. For medium or long-term cover, we can only consider providing support for foreign exchange-earning projects.

Turkey

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Turkmenistan

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

Tuvalu

We would need to conduct a country review to consider any cover.

Subject to sustainable lending criteria (#sustainable).

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

Subject to sustainable lending criteria (#sustainable).

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Ukraine

United Arab Emirates (UAE)

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

United States of America (USA)

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

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 (https://www.gov.uk/guidance/local-currency-financing) is available.

Uzbekistan

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 (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505498597%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=5pfImaGnUbBSu2X66hyqfHR5ekU9H4NdJ5lngC%2BgM0Q%3D&reserved=0).

Vanuatu

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

Subject to sustainable lending criteria (#sustainable).

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

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

Venezuela

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

We are willing to consider medium or long-term business involving the Andean Development Corporation (Corporacion Andina de Fomento).

Vietnam

For medium/long term business, Local Currency Financing (https://www.gov.uk/guidance/local-currency-financing) is available.

Virgin Islands (US)

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

Yemen

Subject to sustainable lending criteria (#sustainable).

Zambia

We are unable to offer short term cover unless payments can be secured by a confirmed irrevocable letter of credit or equivalent security, provided by a suitable bank.

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

Subject to sustainable lending criteria (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdraft-origin.publishing.service.gov.uk%2Fguidance%2Fcountry-cover-policy-and-indicators%3Ftoken%3DeyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiI1ZjA3ODAwNi1mOTQyLTQ0ZWEtYjE4YS00MzU1YTEzM2Q4NmYiLCJjb250ZW50X2lkIjoiNWUxNWFmM2ItNzYzMS0xMWU0LWEzY2ItMDA1MDU2MDExYWVmIiwiaWF0IjoxNzU2Mjg4MzQzLCJleHAiOjE3NTg5NjY3NDN9.Ln_HuPlcuKRRWXrQ-NWEzRf3hnYEQwkHF-MCuUSdBp0%26utm_campaign%3Dgovuk_publishing%26utm_medium%3Dpreview%26utm_source%3Dshare%23sustainable&data=05%7C02%7Ccontent%40ukexportfinance.gov.uk%7C48b98ececc1244fa448e08dde5874eb8%7C8084138e9400409ea6da46b5281e0b0a%7C0%7C0%7C638919091505511650%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=RMvmNpAUNBI3QLvIBzCbnu8MM67hEnI%2FCH9G8oJLo6Q%3D&reserved=0).

Considering the IMF and World Bank zero non-concessional borrowing limit for Zambia, UKEF is unable to provide medium- or long-term cover for sovereign or public transactions unless the IMF and World Bank grant the authorities a waiver for the transaction.

Zimbabwe

Subject to sustainable lending criteria (#sustainable).

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.

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 (https://submit.forms.service.gov.uk/form/6006/get-a-corporate-premium-indication/21140) to obtain an indicative premium rate for medium or long-term sovereign transactions where UKEF would be supporting a contract with an overseas sovereign buyer as the risk entity using Buyer Credit, Direct Lending, Lines of Credit, Bills and Notes Guarantee or Standard Buyer Loan Guarantee.