Exports

House of Lords written question – answered at on 9 July 2012.

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Photo of Baroness Nicholson of Winterbourne Baroness Nicholson of Winterbourne Liberal Democrat

To ask Her Majesty's Government how much financing UK Export Finance provides for exports to low-income countries; and what percentage of its funds this represents, in each of the past 10 years.

Photo of Lord Green of Hurstpierpoint Lord Green of Hurstpierpoint The Minister of State, Foreign and Commonwealth Office, The Minister of State, Department for Business, Innovation and Skills

UK Export Finance does not finance exports directly but provides support in the form of guarantees on bank loans. It has provided such support for exports to one low-income country in the past 10 years.

Categorisation of low-income countries is based on the World Bank's latest (2011) classification of gross national income (GNI) per capita, being that a lower income country is one that has a GNI per capita of $1,005 or less.

This information requested is set out in the table below.

Financial year Country Maximum liability* of case Percentage of total maximum liability* in financial year
2004-05 Kenya 13,410.555 0.67%
2005-06 Kenya 9,352,076 0.42%
2006-07 Kenya 6,016,752 0.33%

* Maximum liability is defined as the maximum value of the amount of claims payable under a particular guarantee, taking into account the principal and interest over the life of a guarantee for which UK Export Finance could become liable.

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