Business, Innovation and Skills written question – answered at on 9 February 2011.
To ask the Secretary of State for Business, Innovation and Skills on what projects in Egypt supported by the Export Credits Guarantee Department (ECGD) in the last 30 years is debt owed to the ECGD; and how much is owed on each such project.
There are outstanding debts owed by Egypt of £98.52 million, which are the subject of two rescheduling agreements dated 1987 and 1991, that relate to some 400 export contracts entered into before
ECGD also has a contingent exposure of £66.8 million relating to performing export contracts, mainly relating to the supply of Airbus aircraft.
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