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What's
New! Vol. 9, No. 4 | |
April 2010
- What's New! Indices - 2005
2006
2007
2008 2009
2010
"What's
New!" is a periodic update to keep you informed of the latest on the
ECA Watch website. What's New! features a wide range of materials
related to the reform of Export Credit Agencies (ECAs) including NGO
publications and releases, news articles, commentaries and
announcements about the policies and practices of ECAs and ECA-financed
projects world-wide. If you would like to receive "What's New!" simply
add your e-mail to the ECA-Action list at www.eca-watch.org today!
Questions? Email info-at-eca-watch.org
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| | 1) |
Activists fight ECGD's child labour policy reversal | | |
2) | New FERN report: The Changing Landscape of ECAs & the Global Financial
Crisis |
| | 3) |
Talks aim to curb jet subsidy |
| | 4) |
Banks push G20 to reform trade finance regulation |
| | 5) | | China's export credit insurance keeps rising in Q1
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| | 6) |
China: Not the Rogue Dam Builder We Feared It would Be? |
| | 7) |
Atradius DSB considers support for Congo's Port Autonome de Pointe Noire (PAPN) | | |
— | View Back Issues of What's New |
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| 1. |
Activists fight ECGD's child labour policy reversal | |
(Financial Times, London, 13 April 2010)
A policy reversal that would give British exporters backed by
taxpayers’ money greater freedom to use child workers, and even forced
labour, faces a legal challenge from human rights activists. ECA Watch
member The Corner House is demanding a judicial review of this decision.
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| 2. |
New FERN report: The Changing Landscape of ECAs & the Global Financial
Crisis
| | (FERN, Brussels, 8 April 2010) With the onset of the global financial crisis and the subsequent
squeeze in credit and insurance markets, there is a renewed global
demand for export credit and investment insurance products offered by
ECAs. This short report describes the changing landscape of ECAs in the
context of the global financial crisis and the collapse of trade
finance markets, and urges civil society actors to be watchful and
monitor developments closely. |
| | | 3 |
Talks Aim to Curb Jet Subsidy |
(Wall Street Journal, 31 March 2010) International negotiations to
limit billions of dollars in government funding for big airliners are
facing a snag over how the rules will be applied to new jet makers,
potentially increasing financial uncertainty for struggling airlines
and sparking subsidy wars. The dispute pits Airbus and Boeing Co.
against Canada's Bombardier Inc. and other small jetliner makers. The
two giants want these aspiring rivals to follow an informal agreement
that has governed Boeing and Airbus sales in the U.S. and Europe for
almost 25 years, but the upstarts are balking. Bombardier Aerospace
President and COO, Guy Hachey, stated the
company has no plans to support the existing ‘Home Market Rule’ between
Airbus and Boeing that currently prevents them using export credit to
finance jet purchases in each other’s home markets. |
| |
| 4 |
Banks push G20 to reform trade finance regulation |
| (Reuters, Geneva, 22 April
2010) Trade finance banks
are stepping up pressure on the G20 to ease regulation of the credits
that keep global commerce flowing, after a new survey showed credit
tightness is still hampering the flow of trade. | | |
| 5 |
China's export credit insurance keeps rising in Q1
| (Xinhua, Beijing, 22 April 2010 China Export and Credit Insurance
Corporation (Sinosure), the sole policy-oriented insurer in China,
provided 28.57 billion US dollars worth of export credit insurance
service during the first quarter of this year, up 227.7 percent on
the previous year. China's state council was expected to arrange US$120 billion of
short-term export credit insurance for 2010, and increase the special
financing insurance for big complete sets of equipment and their
exports by 50 billion US dollars this year. | | |
| 6. |
China: Not the Rogue Dam Builder We Feared It would Be? |
| (International Rivers Network, Berkeley, 31 March 2010) A few years ago, Chinese dam builders and financiers appeared on the
global hydropower market with a bang. China Exim Bank and companies
such as Sinohydro started to take on large, destructive projects in
countries like Burma and Sudan, which had before been shunned by the
international community. Their emergence threatened to roll back
progress regarding human rights and the environment which civil society
had achieved over many years. However, new evidence suggests that
Chinese dam builders and financiers are trying to become good corporate
citizens rather than rogue players on the global market. Here is a
progress report.
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