Sierra Leone
Short-term Business
No cover facilities available for public buyers. For transactions with private buyers, cover may be granted on a case-by-case basis.
Medium/long-term Business
No cover facilities available for public buyers. For transactions with private buyers, cover may be granted on a case-by-case basis. A restrictive approach is adopted to cover of financed local costs and subcontracted foreign supplies.
Collateral
If the foreign buyer’s creditworthiness is inadequate, bank security is required.
The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.
Further Information
Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties and international projects and tenders can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).
The most important GTAI country information on Africa can be found at a glance on the Africa Business Guide (German version, www.africa-business-guide.de).
You can find more detailed information on the G20 initiative „Compact with Africa“ (www.compactwithafrica.org).
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