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<p>UK Export Finance (UKEF)’s mission is to ensure no viable UK export fails for lack
of finance or insurance, while operating at no net cost to the taxpayer. UKEF helps
UK companies win export contracts by providing attractive financing terms to their
buyers, fulfil contracts by supporting working capital loans, and get paid by insuring
against buyer default. For this reason, this response has interpreted the request
for the proportion of UKEF <em>spend</em> as the proportion of UKEF <em>support</em>,
that being the share of total maximum liability UKEF provided for exports relating
to renewables in low and middle-income countries in each of the last three years.</p><p>UKEF
classifies countries as per the World Bank classification system, where countries
are divided into four income categories – low, lower-middle, upper-middle and high-income.
For this reason, the response has interpreted ‘developing economies’ to include countries
with either a low, lower-middle and upper-middle income classification.</p><p> </p><p>The
share of support UK Export Finance (UKEF) provided for exports relating to renewables
in low and middle-income countries can be found in the table.</p><p> </p><table><tbody><tr><td><p>FY</p></td><td><p>Share
of maximum liability which went to renewables projects in low and middle-income countries,
%</p></td></tr><tr><td><p>2018-19</p></td><td><p>.66%</p></td></tr><tr><td><p>2017-18</p></td><td><p>.04%</p></td></tr><tr><td><p>2016-17</p></td><td><p>0%</p></td></tr></tbody></table><p>
</p><p>UKEF publishes details of the support it provides in its Annual Report and
Accounts.</p>
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