IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 30 Jun 2016 | Removal date: open ended
Still in force

Trade finance

On 11 July 2016, the UK Export Finance agency presented its 2015/16 Annual Report. The report included a list of all beneficiaries of trade finance for the given fiscal year.
One of these beneficiares was St Vincent and the Grenadines's International Airport Development Company Ltd, which was offered direct lending worth 12.5 million GBP for a contract with NSG Exports Ltd. According to the company's website, NSG provided construction and logistical services.
Given that UKEF does not provide the exact date that the trade finance deal was signed, the most conservative inception date, i.e. the 30 June 2016, was set as the inception date.

AFFECTED COUNTRIES

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