Also in the news...
Trade and services regulations in Luxembourg
If you are a UK business providing services in Luxembourg, you will need to follow Luxembourg regulations about:
If you were living in Iceland before 1 January 2021
Information for British citizens moving to or living in Iceland, including guidance on residency, healthcare and driving.
UK sanctions guidance for Uzbek businesses
Information about UK sanctions and relevant local laws to support compliance of non-UK businesses operating in Uzbekistan.
Protecting Business Reputation When Entering Foreign Markets
Expanding into new international markets presents promising growth opportunities. However, such moves come with challenges, especially when it comes to maintaining and protecting a business’s brand reputation.
UKEF guidance for creditors on temporary suspension of debt service repayments
Agreement to help eligible developing countries which request forbearance to respond to the financing needs arising from coronavirus (COVID-19).
G20 Finance Ministers and the Paris Club of official creditors have agreed to provide a temporary suspension on debt service repayments to help eligible developing countries which request forbearance to respond to the financing needs arising from coronavirus (COVID-19).
The suspension of payments will cover a period from 1 May to 31 December 2020 on anNPV-neutral basis and include both interest and principal payments.
For the UK, this applies to any debt rescheduled through the Paris Club or bilaterally up to 24 March 2020, but does not apply to uncalled guarantees subsisting at any time.
Countries eligible for support are allIDAcountries as defined by theWBGand the least developed countries as defined by the United Nations, that are current on any debt service to theIMFand the World Bank.UKEFwill implement the initiative, consistent with national laws and internal procedures.
Read the Paris Club term sheet.