Factsheet for measure
DK-2020-10/630
–
Updated
– measures in Denmark
Increased access to export credit
Øget adgang til eksportkredit
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.
Updates
The following updates to this measure have been made after it came into effect.
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09 November 2020
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The measure was extended to last until 31. January 2021
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Use of measure
Unknown.
Target groups
Actors and funding
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Actors
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Funding
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National government
Public support service providers
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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Consulted
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Consulted
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Form
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Any other form of consultation, institutionalised (as stable working groups or committees) or informal
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Any other form of consultation, institutionalised (as stable working groups or committees) or informal
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Social partners' role in the
implementation, monitoring and assessment phase:
-
Social partners jointly
-
Main level of involvement: Sectoral or branch level
Involvement
Dansk Indutri (Danish Industry) was heavily involved in the measure
Views and reactions
No involvement
Sources
