IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Trade finance

The chancellor announced the doubling of UKEF's "risk appetite" to 5 billion GBP (cf. Autumn Statement). According to an official explanation of the Autumn Statement by UKEF, this means also that UKEF will be able to increase its risk exposure from its current 20 to 50 billion GBP. UKEF also pointed out that this will allow doubling its portfolio, particularly increasing the portfolios from 1 to 2 billion GBP in the following countries: Indonesia, UAE, and Mexico.

Furthermore, UKEF shall increase its number of pre-approved currencies in which financing is offered from 10 to 40.

In sum, the decision will provide more funding to UKEF and allow it to make riskier investments.

AFFECTED COUNTRIES

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