March 30, 2020 / 12:44 PM / 4 months ago

Germany expands export loan guarantees in response to coronavirus

BERLIN, March 30 (Reuters) - Germany said on Monday it was expanding export loan guarantees on short-term payments to include transactions within the EU and with Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland, Britain and the United States.

The extended cover facilities take immediate effect and will initially run until Dec. 31 of this year, the finance and economy ministries said in a joint statement.

“This will make it possible, in particular, to absorb possible bottlenecks in the private export credit insurance market,” they added. (Writing by Paul Carrel; editing by Thomas Seythal)

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