UK delegation seeks to enhance trade with Honduras through competitive financing
A delegation from the UK’s export credit agency, UK Export Finance (UKEF) is in Honduras on 16-17 July to explore the market and scope projects it can support.
UKEF provides competitive financing to British companies to trade internationally and to overseas buyers of UK goods and services to facilitate access to the UK’s high-quality supply chain. The delegation consists of Emma Thomas, Co-Head of Global Business Origination George Hames, Regional Head of Business Origination for the Americas and Gerson Pérez, Country Head for Central America and the Dominican Republic.
The delegation will meet with senior representatives of government agencies, private sector, and regional finance institutions. Amongst these, the Secretaries of Finance and Investment; Banco Atlántida, and the Central American Bank of Economic Integration (CABEI).
Delegates will learn about public and private infrastructure projects that could benefit from UKEF’s services, including the Honduran Government’s plans for the dry corridor, dams, hospitals and more. UKEF-backed loans have helped governments and businesses to secure financing for projects worldwide and it has £2-3 billion market capacity to support projects in Honduras.
Nick Whittingham, British Ambassador to Honduras, said:
The UK welcomes Honduras’ government willingness to embrace transparent, efficient, and open infrastructure projects.
UK Export Finance works alongside the Department for Business and Trade and with over 100 private credit insurers and lenders to help UK companies access export finance.