(Handelsblatt, Berlin, 24 September 2018) German engineering conglomerate Siemens is nearing a massive contract to boost Iraq’s power generation infrastructure. The deal is thought to be worth between €8 and €13 billion ($11.75 – $15.25 billion) and consists of numerous smaller projects. They...
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2018/09/30
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: Oil, Gas and Mining
(Daily Trust, Abuja, 3 September 2018) China National Petroleum Corporation (CNPC) has assured the Nigerian National Petroleum Corporation of its unflinching commitment towards securing funding for the Ajaokuta-Kaduna-Kano (AKK) pipeline project. Financing for the 40-inch by 614km AKK gas...
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2018/09/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Arms Trade
(The Canary, London, 15 September 2018) UK Home Secretary Sajid Javid recently hailed the UAE’s important role and pioneering initiatives to promote international peace and security and combat extremism and terrorism. Javid’s comments come after the...
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2018/09/30
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: Debt
(Reuters, Beijing, 4 September 2018) A wave of African nations seeking to restructure their debt with China has served as a reality check for Beijing’s ties with the continent, though most of its countries still see Chinese lending as the best bet to develop their economies. China is helping...
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2018/09/30
Issue: Human Rights, Transparency
Member: Bank Track
(Global Legal Post, London, 29 August 2018) 20 environmental and civil liberties groups have joined foceces to protest against companies using lawsuits they say are aimed at silencing critics. The ‘Protect the Protest’ task force is targeting what it says are known as strategic lawsuits against...
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2018/09/30
Country: China
ECAs: EXIM Bank China
(South China Morning Post, Hong Kong, 21 September 2018) The Export-Import Bank of China, the country’s leading provider of export financing, will team up with other government agencies to help companies who have been hit hard by the US trade tariffs. Following Tuesday’s meeting of the State...
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2018/09/30
Country: Canada, China, Italy, Japan, South Africa, USA
ECAs: EXIM Bank China, Export Development Canada, Export-Import bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining, Transparency
(Daily Maverick, Johannesburg, 3 September 2018) The Export Credit Insurance Corporation of South Africa (ECIC) uses public funds for international projects it chooses to invest in. Right now, the agency is considering lending a part of $14-billion needed by US energy company Anadarko for a...
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2018/09/30
Country: Canada
ECAs: Export Development Canada
Issue: Human Rights, Transparency
Member: Above Ground
(Globe and Mail, Toronto, 26 September 2018) Ottawa has ordered the nation’s export credit agency to consider more carefully the human-rights implications of loans and insurance it offers in support of Canadian businesses. A Sept. 24 letter from International Trade Diversification Minister Jim...
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2018/09/30
Country: China, Iran, United Kingdom, USA
(Out-Law, London, 4 September 2018) A new UK authority called the Office of Financial Sanctions Implementation (OFSI) has been established to better inform businesses of the risks that arise from financial and trade sanctions that restrict trade and transactions with sanctioned persons,...
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2018/09/30
Country: Korea
(Korea Times, Bangkok, 9 September 2018) [translation] At the UN office in Bangkok, Thailand, where negotiations were held to prepare detailed guidelines on the implementation of the 2015 Paris Convention on Climate Change, there were dozens of Asian environmental group activists including...
more Dodgy Deal: Asian environmental groups strongly crliticize Korea Export-Import Bank support for overseas coal
ECAs: Export Import Bank of Korea
Issue: End Coal Financing
2018/08/29
Country: China, South Africa
(Devdiscourse, Haryana India, 27 August 2018) President Cyril Ramaphosa is next week set to travel to Beijing, where he will co-chair the Forum on China-Africa Cooperation (FOCAC) Summit. The gathering is set to put infrastructure and industrial development at center stage. “These areas are...
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2018/08/29
Country: Turkey, USA
(Global Trade Review, London, 15 August 2018) The Danish export credit agency EKF has frozen all new guarantees to Turkey, as concerns about the country’s economic health continue to mount. The Turkish lira has lost more than 45% of its value this year and continued its plunge this week amid a...
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2018/08/29
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Corruption
(Trinidad & Tobago Newsday, Port of Spain, 15 August 2018) Former minister Devant Maharaj today said he is still waiting for a reply from the Australian government about concerns he has about alleged corruption in the procurement of two naval vessels for the Coast Guard. Maharaj told...
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2018/08/29
Country: Russia
Issue: Arms Trade
(VESTNIK, Moscow, 13 August 2018) Arms supplies on credit are a usual practice. Almost all countries involved in the sphere of military-technical cooperation practice it. The reasons for this may be different, but usually they are of purely political nature: this is the way a country that...
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2018/08/29
Country: France, Russia
Issue: Nuclear
(Trend News Agency, Baku, 24 August 2018) French CIFAL company is ready to help Uzbekistan in the development of nuclear energy noting they are ready to provide their technological solutions and share experience to train specialists of Uzbekistan in the field of nuclear energy. CIFAL plans to...
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