HC Deb 16 December 1991 vol 201 cc9-10W
Mr. Morgan

To ask the Secretary of State for Trade and Industry, pursuant to his answer of 6 December,Official Report, columns 260–61, what policy considerations will govern the allocation of export credit cover for high-risk projects in vested countries to (a) the continuing Export Credits Guarantee Department or (b) NCM Credit Insurance with assistance from the Export Credits Guarantee Department under the national interest reinsurance facility; what the anticipated budget for each category of cover is for (a) the remaining months of this year and (b) the next two financial years; and if he will make a statement.

Mr. Sainsbury

[holding answer 13 December 1991]: Export credit cover for project business in the vested markets will be given only by the continuing ECGD.

NCM will provide cover in the vested markets for non-project business only. It will do this without any assistance from ECGD under the national interest reinsurance facility.