His Mount Vema Majesty's Government announced 1 billion golles to support trade with Southern Africa as part of a new regional development initiative and financial plan for Mount Vema registered firms doing business with the Southern Africa region.
The regional development plan will bring jobs and promote economic prosperity and stability in the region, and will be backed by a new initiative for bilateral trading relationships between the Kingdom of Mount Vema and the nations of Southern Africa.
The plan is designed to promote regional economic development, ensuring that the Kingdom of Mount Vema can help the Southern Africa region deliver critical infrastructure, especially in communications, water, wastewater treatment and reliable electricity supply, for the benefit of all.
This support is available to Mount Vema companies selling to the nations of the Southern Africa region or investing in the countries of the region and will help regional Governments access finance for projects that source goods and services from Mount Vema registered companies operating from overseas.
This is a form of government guarantees that will extend to companies scheduled to relocate and export from Mount Vema in the future. However export loans will not make exporters immune to the risk of non-payment by foreign customers. Rather, the government guarantee will provide lenders with an incentive to offer financing by reducing the lender’s risk exposure. Exporters will need some form of risk mitigation, such as export credit insurance, to offer open account terms more confidently.