In line with the G20 Operational Guidelines for Sustainable Financing, the UK publishes quarterly updates on any new issued and effective sovereign direct lending, sovereign called guarantees or Paris Club restructuring agreements. Further information about the G20 Operational Guidelines for Sustainable Financing and the UK’s adherence to it can be found on our Collection Page.

This page contains details of loans made by the UK to other national governments in 2022 to 2023.

Key

Beneficiary

In the case of UKEF’s direct lending facility this is the entity who is the borrower of the loan.

Grace period

The period during which no repayments of principal (or principal and interest) are due from borrowers to lenders. In relation to the work of the IMF/World Bank, this is usually associated with concessional financing only. This is not relevant for UKEF’s direct lending, but we have included information about the pre-credit period, which is held in UKEF systems.

Maturity

The repayment period of the loan in months.

Amount in currency (millions)

The amount and currency of the loan, in millions.

Equivalent value in GBP (millions)

For ease of comparison the currency amount has been converted into pounds sterling using the prevailing exchange rate at the last date of the relevant period of each report.

Interest rate type

An interest rate may be floating, meaning it is reset at each repayment date, or it is fixed and the same rate applies for the duration of the loan maturity. CIRRs (Commercial Interest Reference Rates) are minimum interest rates that apply to official financing support for export credits and set under the terms of the https://one.oecd.org/document/TAD/PG(2023)7/en/pdf" class="govuk-link">Arrangement for Officially Supported Export Credits.

In line with the G20 Operational Guidelines for Sustainable Financing, the UK publishes quarterly updates on any new issued and effective sovereign direct lending, sovereign called guarantees or Paris Club restructuring agreements. Further information about the G20 Operational Guidelines for Sustainable Financing and the UK’s adherence to it can be found on our Collection Page.

This page contains details of loans made by the UK to other national governments in 2021 to 2022.

Key

Beneficiary

In the case of UKEF’s direct lending facility this is the entity who is the borrower of the loan.

Grace period

The period during which no repayments of principal (or principal and interest) are due from borrowers to lenders. In relation to the work of the IMF/World Bank, this is usually associated with concessional financing only. This is not relevant for UKEF’s direct lending, but we have included information about the pre-credit period, which is held in UKEF systems.

Maturity

The repayment period of the loan in months.

Amount in currency (millions)

The amount and currency of the loan, in millions.

Equivalent value in GBP (millions)

For ease of comparison the currency amount has been converted into pounds sterling using the following exchange rate:

• £1 = 1.18 euros
• £1 = 1.38 US dollars

Interest rate type

An interest rate may be floating, meaning it is reset at each repayment date, or it is fixed and the same rate applies for the duration of the loan maturity. CIRRs (Commercial Interest Reference Rates) are minimum interest rates that apply to official financing support for export credits and set under the terms of the https://www.oecd.org/trade/topics/export-credits/arrangement-and-sector-understandings/financing-terms-and-conditions/" class="govuk-link">Arrangement for Officially Supported Export Credits.

In line with the G20 Operational Guidelines for Sustainable Financing, the UK publishes quarterly updates on any new issued and effective sovereign direct lending, sovereign called guarantees or Paris Club restructuring agreements. Further information about the G20 Operational Guidelines for Sustainable Financing and the UK’s adherence to it can be found on our Collection Page.

This page contains details of loans made by the UK to other national governments in 2022 to 2023.

Key

Beneficiary

In the case of UKEF’s direct lending facility this is the entity who is the borrower of the loan.

Grace period

The period during which no repayments of principal (or principal and interest) are due from borrowers to lenders. In relation to the work of the IMF/World Bank, this is usually associated with concessional financing only. This is not relevant for UKEF’s direct lending, but we have included information about the pre-credit period, which is held in UKEF systems.

Maturity

The repayment period of the loan in months.

Amount in currency (millions)

The amount and currency of the loan, in millions.

Equivalent value in GBP (millions)

For ease of comparison the currency amount has been converted into pounds sterling using the prevailing exchange rate at the last date of the relevant period of each report.

Interest rate type

An interest rate may be floating, meaning it is reset at each repayment date, or it is fixed and the same rate applies for the duration of the loan maturity. CIRRs (Commercial Interest Reference Rates) are minimum interest rates that apply to official financing support for export credits and set under the terms of the https://one.oecd.org/document/TAD/PG(2023)7/en/pdf" class="govuk-link">Arrangement for Officially Supported Export Credits.