Global Trade Alert
Global Trade Alert

United Kingdom: UKEF provides direct lending to Kurdistan Regional Government for water project

Announcement

08 Dec 2016

On 8 December 2016, the UK Export Finance agency (henceforth: UKEF) announced a loan agreement signed with the Kurdistan Regional Government.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

08 Dec 2016

Revocation date:

No revocation date

Updated: 08 Dec 2016
Trade finance In force

The deal will provide a 34.8 million USD loan to the Kurdistan Regional Government (in Iraq) for a contract with the UK water engineering company Biwater.

The UK Minister for Trade and...

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Updated: 08 Dec 2016
Local value added incentive In force

According to a media report (cf. Sources), UKEF provides loans under the condition that at least 25% of the loan is targeted to support British jobs.

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