(EXIM, Washington, 25 February 2025) The Export-Import Bank of the U.S. hosted Export Finance Australia to discuss enhancing their collaboration on critical minerals and supply chain shifts away from China. Both agencies plan to leverage the Single Point of Entry (SPE) initiative for streamlined financing and mutual strategic priorities.
ECAWatch Newsletter 2
Feralpi Secures €170 Million for Sustainable Steel Production
(SteelOrbis, Istanbul, 25 February 2025) Italian steelmaker Feralpi has secured €170 million to enhance its sustainable production capabilities. The funding will support the modernization of its facilities and improve its environmental footprint. The investment aligns with the company’s strategy to reduce CO2 emissions and increase its production of low-carbon steel.
Saudi Import-Export bank signs 3 agreements with global insurers to boost trade finance
(Intellinews, Berlin, 26 February 2025) The Saudi Import-Export Bank has signed three key agreements with global insurers to enhance trade finance solutions. These partnerships aim to facilitate Saudi exports, reduce risk, and foster global trade connections, supporting the Kingdom’s Vision 2030 initiatives to diversify its economy.
EU urged to launch dedicated unit for export and development finance
(Global Trade Review, 26 February 2025) Experts call on the EU to establish a dedicated unit to better coordinate export credit agencies and development finance institutions, boosting the Global Gateway Initiative’s €300bn global infrastructure ambitions. A report highlights the need for a unified strategy to compete with China’s Belt and Road Initiative and support European businesses in global markets. Advocates believe that such a unit could bolster the EU’s global competitiveness and facilitate sustainable development projects.
Amaero Signs $22.8MM Credit Agreement with Export-Import Bank of the United States
(Abjournal, Narberth PA. 27 February 2025) Amaero International, a U.S. domestic producer of C103, refractory alloy and titanium powders, executed a credit agreement for a $22.8 million direct loan from the Export-Import Bank of the United States (EXIM) to boost its advanced manufacturing capabilities. The funding supports capital equipment purchases and aligns with U.S. initiatives to strengthen domestic supply chains and reduce reliance on foreign materials.
Scottish businesses sell to the world with £42 million lift
(UKEF, London, 27 February 2025) Scottish businesses have secured £42 million from UKEF since July, boosting economic growth and job creation. Companies like Ferguson Whisky and Emergency One are expanding into global markets. Aberdeen-based First Tech also received £12 million to grow its offshore wind market presence. The funding aligns with the UK government’s Plan for Change, aiming to strengthen Scotland’s export capabilities.
Queensland goes global to attract investment
(Australia Mining, Victoria, 27 February 2025) Queensland Government Boosts Resources Investment with $10 Million Funding Initiative. The program aims to enhance exploration and development in the mining sector, supporting job creation and economic growth. This funding is part of a broader strategy to attract investment and foster innovation in Queensland’s resource industry.
President Trump Strengthens Export-Import Bank of the United States, Supports U.S. Jobs by Establishing Board Quorum Through Acting Appointments
(EXIM, Washington, 28 February 28, 2025) President Trump has appointed senior officials James Cruse and James Burrows to lead the Export-Import Bank of the United States (EXIM) in acting roles, ensuring the bank is operational. These appointments support EXIM’s role in U.S. competitiveness and energy dominance, aligning with the “America First” agenda. The new leadership comes as the bank drives U.S. manufacturing and export goals forward.
ECA’s green export finance bypasses developing nations
(Argus Media, Berlin, 29 January 2025) Export credit agencies’ green financing largely favors wealthy countries, leaving developing nations behind in the global energy transition. Critics call for more inclusive support to help emerging economies adopt sustainable infrastructure.
India directs ECGC to maintain moratorium on insurance rates for exporters
(India Times, Gurugram Haryana, 7 February 2024) The Indian government on Wednesday said it has directed the Export Credit Guarantee Corporation (ECGC) to maintain a moratorium on insurance rates for Indian exporters in the wake of the Red Sea crisis. State-owned ECGC is an export promotion organisation, seeking to improve the competitiveness of Indian exports by providing them with credit insurance covers. Minister of State for Commerce and Industry Anupriya Patel said that the ECGC continues to provide insurance coverage to exporters. She said that the corporation has not refused cover for export shipments routed through the Red Sea and the credit risk cover is being provided based on the risk assessment and creditworthiness of overseas buyers and terms of payment.
