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Tue September 29 2020

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ECGD resumes Libya cover

28 Sep 11 The Export Credit Guarantee Department is resuming cover for British exports to Libya, paving the way for UK contractors and engineering companies to move back in.

ECGD chief executive Patrick Crawford said: "Now that an internationally recognised regime has been established and stability is returning, I am pleased to announce today that ECGD will be resuming cover immediately and will make up to $250m in support available. This support will help British businesses play their role in assisting the people of Libya build the future they want and richly deserve."

"I very much hope that ECGD's lead in resuming cover will have the added benefit of signalling to international private investors and banks that creditworthiness has been restored. I hope this signal of the UK's confidence will encourage banks and other lenders to support the new regime."

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