discussion relating to countries in this region
Sri Lanka
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Jonathan Steenberg BERNE UNION Posts: 52
29/06/2021 04:28
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This is a discussion forum on country cover policy for Sri Lanka.
Feel free to share any changes on your policy for any obligors in the country or any other updates.
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SACE Relazioni SACE Posts: 4
24/05/2022 03:42
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Dear Colleagues,
Due to the ongoing economic and financial difficulties experienced by the country, we are currently adopting a very careful approach vis à vis new risk in Sri Lanka.
However, we are starting to receive requests for deferred payments for outstanding transactions (limited exposure, mainly banking sector risk).
In this regard, we would be grateful if you could share any relevant experience and risk appetite towards the country.
Thank you in advance for your feedback.
Best regards,
SACE Team
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Andrea Bulasch EULER HERMES Posts: 70
16/06/2022 11:22
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Dear colleagues,
Our approach is similar to yours, and we are also receiving requests for deferred payments for some time. Until now, MLT transactions are being repaid, but for covered ST transactions transfer problems seem to be increasing. However, our exposure is limited, too.
Kind regards
Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division
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