UK Looks to Forge Closer Trade Ties with Central America After Signing Export Finance Agreement



William Barns-Graham | Institute of Export and International Trade

The UK’s export credit agency, UK Export Finance (UKEF), has signed a partnership with CABEI, Central America’s leading development bank, to encourage joint financing of major clean energy, infrastructure and construction projects.

This cooperation agreement guarantees a closer relationship between the UKEF and the highest rated borrower in Latin America.

Trade between the UK and Central America was worth over £1.7 billion in 2020.

Both institutions will help finance major projects in Central America that involve UK exports, supporting businesses and jobs in the UK.

Governments and businesses in Central America looking to raise funds to develop larger projects can benefit from working with CABEI, while also accessing UKEF’s support that is aimed at reducing and spreading the cost of financing for buyers of UK exports.

Countries that can benefit from the joint financing agreement include the Dominican Republic, Panama, Guatemala, Honduras, El Salvador, Nicaragua and Costa Rica.

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