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Country Risk Category

Turkmenistan

Cover Policy – Export Credit Guarantees

Short-term Business

There are no formal restrictions on cover.

Medium/long-term Business

Cover facilities are available on a case-by-case basis.
In addition, cover is available for project financed and other structured finance deals, where necessary based on countertrade transactions. A restrictive approach is adopted to cover of financed local costs.

Collateral

As a rule, bank security or state guarantees are required for short-term transactions with private and public buyers. This applies also to public buyers which are established as private sector organisations. For short-term transactions with private buyers or public buyer which are established as private sector organisations this collateral requirement may be waived if

  • the buyer is an affiliated company or
  • the buyer belongs to an international group the creditworthiness of which is beyond doubt or
  • informative information material on the debtor is available which, subject to the application of strict criteria, justifies the granting of cover without collateral.

As a rule, state guarantees (Ministry of Finance or central bank) are required for medium and long-term transactions with public buyers. This requirement may be waived if the Turkmen government as borrower is authorised to take out a loan by a presidential decree. As a rule, bank security or state guarantees are required for medium and long-term transactions with private buyers and public buyers which are established as private sector organisations.

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).

Contact

Karina Lasch

Wholeturnover Cover (Revolving Cover)

Michael Geske

Single Transaction Cover

Ralf Tange

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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