(Compact with Africa Country)
Cover Policy – Export Credit Guarantees
There are no formal restrictions on cover.
Cover facilities are available on a case-by-case basis. In addition, cover is available for project finance and other structured finance deals where necessary based on countertrade transactions.
Transactions with public buyers are governed by the OECD's sustainable lending principles.
For medium/long-term transactions with private buyers bank security is required if the foreign buyer's creditworthiness is inadequate.
For medium/long-term transactions with public buyers a guarantee from the Ministry of Finance or the central bank is always required. In case of doubt, additional, project-related risk mitigation measures are required.
For medium/long-term transactions with public buyers which are established as private sector organizations the same collateral requirements as for private buyers apply.
The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.
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).
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.
No responsibility is taken for the correctness of the information provided.
Securing exports with Hermes Cover: