Background information

Danish exporters under pressure from the Corona Crisis can now turn to EKF Denmark´s Export Credit Agency for assistance. The assistance will be offered by way of two specific initiatives aimed at exporters: one, geared to companies with liquidity problems; the second, designed to ensure that the companies can secure insurance for their export orders from private trade credit insurance companies.

In extension of the many interventions from Denmark's political leaders to support Danish business and industry, EKF's two initiatives primarily target businesses engaged in export and internationalisation, who otherwise risk their export orders being delayed or cancelled outright.

Content of measure

EKF Denmark´s Export Credit Agency launches two initiatives to assist Danish exporters under pressure from the Corona Crisis.

The first initiative, a Liquidity Guarantee, will support the many Danish exporters affected by liquidity problems in that their earnings decrease while they still have to meet supplier and payroll costs. This product offers improved conditions during the crisis.

The second initiative, which will extend EKF's existing reinsurance scheme to OECD countries, is intended to ensure that the Coronavirus Crisis does not deter private trade credit insurance companies from underwriting Danish exporters' export orders, as was the case during the financial crisis.

Use of measure

Unknown.

Target groups

Workers	Businesses	Citizens
Does not apply to workers	Applies to all businesses	Does not apply to citizens

Actors and funding

Actors	Funding
National government Public support service providers	National funds

Social partners

Social partners' role in designing the measure and form of involvement:

	Trade unions	Employers' organisations
Role	No involvement as case not in social partner domain	No involvement
Form	Not applicable	Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

• No involvement
• Main level of involvement: Unknown

Involvement

N/A

Views and reactions

No involvement

Sources

• 15 April 2020: EKF (www.ekf.dk)