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New financing instrument assigned to EKN
The Swedish Government has adopted a new regulation assigning EKN responsibility for managing a new financing instrument that combines export financing with development aid.
The purpose is to promote sustainable social and economic development in countries eligible for official development assistance – while also supporting Swedish interests. The instrument consists of an EKN guarantee, a loan from SEK (the Swedish Export Credit Corporation), and grant funding intended to reduce borrowing costs for buyers of Swedish goods and services. In 2025, EKN may issue grant decisions for up to SEK 1.23 billion.
“It is highly positive that there is now an instrument where Swedish companies’ world-leading technologies and innovative solutions – combined with financing from EKN and SEK – can enable the development of vital infrastructure such as railways, water treatment, electrification and energy supply,” says Anna-Karin Jatko, Director General of EKN.
The use of the instrument will be governed by the OECD’s rules on tied aid. It is aimed at low- and lower-middle-income countries, with the objective of supporting their economic growth.
“This assignment gives EKN an important role at the intersection of development cooperation and export promotion. We look forward to contributing to progress in countries with substantial needs – with Swedish companies as part of the solution,” says Anna-Karin Jatko.
The regulation enters into force on 1 August 2025.
