Yemen Included in Overseas Investment Insurance Cover [Archives:1998/04/Local News]

January 26 1998

Mrs. Margaret Beckett, the President of the British Board of Trade, has announced that the Export Credit Guarantee Department’s (ECGD) Overseas Investment Insurance scheme has been extended to encourage British companies to invest in Yemen as well as a number of other countries. This is part of the strategy announced last September by Gordon Brown, the British Chancellor of the Exchequer, at the Conference of the Commonwealth Finance Ministers (the Mauritius Mandate) to promote sustainable development in these countries. “A key feature of this investment initiative is that the British Government will work in partnership with investors and investment insurers, both public and private , domestic and international,” said Mrs. Beckett.