UK Export Finance (UKEF) signed this week a historic partnership with the Central American Bank for Economic Integration (CABEI), Central America’s leading development bank and the highest-rated borrower in Latin America.
A delegation of Argentine officials and businesspeople is travelling to the UK to strengthen trade and investment relations as part of efforts from the private sector, Argentine-British Chamber of Commerce, (ABCC), and both countries governments to promote closer economic and financial ties.
UK Export Finance (UKEF) support available for trade with Uruguay is increasing to up to £4 billion, meaning an additional £2.25 billion in support for UK companies exporting to Uruguay and for Uruguayan buyers of UK goods and services. This finance can be used to support projects across numerous sectors including infrastructure.
The British Government is re-introducing export credit financial support for UK businesses looking to trade with Argentina after an almost 20 year hiatus. The announcement was made in Buenos Aires as part of a visit to South America by International Trade Minister Greg Hands, covering Argentina, Brazil and Peru.
Brazil's oil company Petrobras has concluded negotiations with international export credit agencies (ECAs) for a total of US$1.84bn. According to a company statement. The financing will contribute towards its fundraising efforts for 2016.