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Country Risk Category

Eritrea

Cover Policy – Export Credit Guarantees

Short-term Business

No cover facilities available for public buyers.
Cover facilities are available for transactions with contract values of up to EUR 250,000 for affiliated companies or companies which belong to an international group the creditworthiness of which is beyond doubt or if sufficient information material on the debtor is available which, subject to the application of strict criteria, justifies the granting of cover without collateral.
Under wholeturnover policies transactions up to a maximum amount of EUR 1.25 million can be covered.

Medium/long-term Business

No cover facilities available for public buyers.
Smaller, foreign exchange-generating transactions with private buyers may be covered on a case-by-case basis.
Transactions with state-owned buyers may be covered provided that they are established as private sector organizations and operate without recourse to public funds.
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.

Collateral

Collateral is not normally required.

Further Information

Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).

The most important GTAI country information on Africa can be found at a glance on the Africa Business Guide (German version, www.africa-business-guide.de).

You can find more detailed information on the G20 initiative „Compact with Africa“ (www.compactwithafrica.org).

Contact

Ingo Schwutke

Single Transaction Cover

Karina Lasch

Wholeturnover Cover (Revolving Cover)

Martin Schmerbach

Economic Analyses

Cover Policy – Untied Loan Guarantees

There do not exist any restrictive country cover policy decisions for Untied Loan Guarantees. However, when deciding on cover of raw material projects, the Federal Government always takes the current situation in the host country into account. If you have any queries, please do not hesitate to contact our experts.

Contact

Hannes Hagel

Untied Loan Guarantees

Julian Greiwe

Untied Loan Guarantees

No responsibility is taken for the correctness of the information provided.

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