Turkish, Swedish export agencies ink reassurance deal
"Negotiations regarding the deal between Turk Eximbank and the Swedish Export Credit Agency (EKN) has been completed and entered into force," the statement read.
Noting that the agreement aims to ensure a faster and more efficient loan allocation process, it said: "The deal will provide insurance support for the export of goods and services for projects Turkish and Swedish companies conduct together in other countries."
Turk Eximbank has previously signed similar agreements with export credit institutions of the US, the UK, France, Austria, Hungary and Denmark.
In 2020, Turk Eximbank provided financing – both loans and insurance – worth $45.6 billion, up 3.6% from the previous year.