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Sustainable lending
EKN’s sustainable lending policy precludes us from guaranteeing export credits to public buyers in countries that have restrictions on commercial borrowing under programmes with the World Bank and IMF. EKN shall also observe that the transaction is in line with the country’s borrowing and development plans, and that it is not contravening the country’s debt strategy.
The policy is designed to ensure EKN does not issue guarantees for transactions which are likely to be unproductive or are not in keeping with the recipient country’s poverty strategy.
The policy covers the issuing of guarantees which increase direct or indirect state indebtedness in the borrowing country.
Published: Sep 10, 2010
Last updated: Jan 26, 2011