§ Mr. CousinsTo ask the President of the Board of Trade whether BMARC received export credits support from the Export Credits Guarantee Department between 1984 and 1990. [29723]
§ Mr. Ian TaylorYes.
ECGD provided short-term insurance support to BMARC for export transactions to a variety of markets following the issue of a policy to the company in 1990.
In addition, ECGD guaranteed one medium-term transaction for BMARC in May 1988 involving a sale of ammunition valued at just under £1.6 million covered under a line of credit to the Jordan armed forces.