Read the untranslated law here: http://rkrattsbaser.gov.se/sfst?bet=2009:320
paragraph 1 within the framework of the Swedish development cooperation, the Board of Directors
international development cooperation agency (Sida) decide on
financing with development loans and guarantees (loan assistance).
Loan assistance to be used where this may help to
meet the objectives of international development cooperation,
reform cooperation in Eastern Europe, as well as policies for global
Development loans will consist of a gift from the page and loans to
market conditions left by lenders. Development loan
can be combined with the warranty issued by the Side of the lender
for the borrower's obligations. Warranty can also be exhibited by
But development loans (independent guarantee).
section 2 of the Page may provide loan assistance for the benefit of States,
public bodies eg. provincial authorities and local authorities,
public commercial organisations and private companies
in countries with which Sweden is engaged in development cooperation,
reform cooperation and selective cooperation in the sectors
the Government decided in the respective country or region
Page may provide loan assistance if
1. the loan assistance is for the benefit of sustainable
the fight against poverty, or, in the case of the countries of Eastern Europe,
contribute to the Government's targets for reform cooperation,
2. the operation is considered to have good economic returns,
3. There is very little risk of market disturbance or
distortions of competition in the financial sector
or the sector loan assistance fund in the partner country,
4. funding through existing capital markets for
the recipient reasonable cost is not available without the participation
Loan assistance for the benefit of States or public bodies in
currency other than in the national currency of the host country, shall not
be submitted to, or in countries that have severe debt burden or can
is expected to have a severe debt burden.
section 3 For investments that promote environmentally sustainable
development loan assistance can also be provided to other than above
said country categories and sectors where there are specific
reasons (environmental loans). Before the Side takes decisions in these cases should
consultations take place with government offices (Utrikedepartementet).
4 § Loan assistance shall be provided without the requirements of Swedish content
deliveries or funding (untying). Procurement
of goods or services shall be made in the international
competition. Page shall in each case indicate the
procurement rules apply.
§ 5 the recipient of the loan assistance to the Site be deemed to have
necessary credit worthiness. Page to be at such an assessment
consult the Swedish Export Credits Guarantee Board and affected lenders.
section 6 of the Lenders may be of Swedish or foreign bank or
financial institution selected by the borrower, and that Page
approved. Lenders can also be communicated by Side.
section 7 of the Loan assistance can be given in local currency if the Side judge
This appropriate from a development point of view.
section 8, Page decides on the conditions applicable to the part of the
development loan that is a gift. These terms and conditions to be included in the
the agreement between the lender and the borrower. Payment is made
by the lender or other designated party according to plan
approved by the site where loan and guarantee time adjusted
to the funded the return and the borrower's
ability to pay.
§ 9 Loyalty degree for development loans should be no more than eighty
percent, defined as page's gift in proportion to the
funded amount consisting of page's gift and loan
section 10 of the application for the loan assistance is made in the side of those who want
loan assistance or for the recipient's account by the lender or
11 § as part of efforts to strengthen the participation of industry
in development cooperation, Sida to develop its co-operation with the
the business sector through closer dialogue, exchange of experience and
mutual utilization of skills.
section 12 Guarantees can be exhibited by page in order to share risks
and allow financing on acceptable terms
for projects and interventions that Side deems to be of great value
from a development point of view. Page may exhibit guarantee for risks
in connection with the transactions on the market. Side may Commission
other actor to exhibit the warranty.
paragraph 13 of the Guarantee shall be submitted to the riskavspeglande premiums
corresponds to the State's economic risk for the commitment and
administrative costs for the warranty. Page can subsidize
a certain part of this premium. This subsidy should be considered
as grant component in the transaction. When the guarantee provided to a
private companies do this itself bear some degree of risk.
Page should primarily interact with the Swedish Export Credits Guarantee Board for
to determine the premium rate applicable to each guarantee. At
necessary, the other actor or other guarantee institutions asked.
section 14 of the Export Credits Guarantee Board to bring page's actions before the
international forums relating to claims that may arise in
guarantee operations. Compensation received thereby,
added to security reserve.
section 15, page's total guarantee commitments must not exceed the
guarantee framework the Government annually sets the for the page.
16 § security reserve should be established to cover
any damage caused by the guarantees issued under this
section 17 Safety reserve shall contain the
guarantee premium payments and provisions previously
made in u-credit system under the Regulation (1984:1132)
If credits for specific development purposes (u-credits) and the
guarantee premium payments and provisions made under
Page's experimentation with independent guarantees and
future recoveries from injuries in these activities.
Security reserve should be applied to guarantee workers ' premiums and
recoveries from injuries in SIDA's activities with
development loans and guarantees.
18 § Security reserve to be managed by the Export Credits Guarantee Board.
Board shall make risk assessments. If the security reserve shall not
is sufficient to cover the damage
guarantee operations give rise to the right to have a Page
Unlimited borrowing with the Swedish national debt Office.
Security reserve should be placed on the interest-bearing account with the
The Swedish national debt Office.
§ 19 For guarantee operations to Export Credits Guarantee Board for
Page's account every six months to make assessments of outstanding
Receivables, liabilities and risk of loss.
Export credits guarantee Board shall forward each month to report to
Page about all the money flows, liquid assets and new
transactions during the period.
Page and Export Credits Guarantee Board shall enter into a contract if the parties '
cooperation under this regulation. Export credits guarantee Board shall have
right to remuneration for their participation.
section 20 of SIDA's annual report will contain the values of the
guarantee commitments. The principles set out in
warranty Ordinance (1997:1006) shall apply.
paragraph 21 of the Decision in the cases pursuant to this Regulation shall not
subject to appeal.
This Regulation shall enter into force on 1 June 2009, when
Regulation (1984:1132) if credits for certain
development purposes (u-credits) is repealed. For
credits granted before that date to older rules
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