Index for 2009

December 2009

  • New Law Requires U.S. OPIC to Reduce Greenhouse Gas Emissions by 50%
  • Record U.S. Ex-Im Bank Financing for Papua New Guinea LNG Project
  • UK Parliamentary report calls for tougher action to end abuses by British companies abroad
  • Kazakhstan agrees to $1.6 billion ECA write off
  • Netherlands stops Dubai investment insurance
  • IFIs can provide up to €1.5bn to finance Nabucco
  • As Boeing Hits Turbulence, Uncle Sam Flies to Its Aid
  • US$6.7 million non-performing loan: NEXIM Bank debtors disappear into thin air
  • China's short-term export credit exceeds US$84 billion
  • OECD publishes cash flow results for official export credits & Category A & B projects
  • Will China Turn Its Back on International Standards in the Ilisu Dam?
  • Reform of the Spanish Export Credit Agency will create more Southern debt

November 2009

  • US Export Import Bank approves weak carbon policy
  • French export credit support goes to a small group of big companies
  • OECD to review Common Approaches to the Environment in 2010
  • Dutch meeting urges tighter greenhouse gas screening of ECA & EIB investment support
  • ECAs fill the gap with US$20 billion in aircraft guarantees
  • PEW report shows 65% of US Export Import Bank loan guarantees goes to Boeing
  • Dutch government guarantees Dubai's ECA deals
  • Australian to head global export credit body (Berne Union)
  • Chinese government to inject capital into China ExIm and Sinosure
  • A watershed moment: ECA financed Three Gorges dam soon to reach final height
  • Ilisu construction restarted without permission

October 2009

  • EU approvals of short-term official export credit subsidies continued to be in the news this month
  • BAE prosecution for corruption
  • Berne Union AGM in Seoul
  • Nabucco pipeline consortium seeks ECA funding
  • US Export-Import Bank hits 75 year high in fiscal 2009
  • SACE/Gazprom/Nord Stream
  • Etihad Airways completes ECA guaranteed transactions
  • UK Export credit scheme bypasses international environmental and corruption standards

September 2009

  • Ex-Im Bank's Climate Proposal Fails to Quell Environmental Groups' Concerns
  • G20 to axe fuel subsidies
  • How ECAs help companies evade taxes (pdf)
  • China Eximbank Navigates Export Tide
  • European Commission approves German export credit scheme
  • WTO says airbus got illegal subsidies
  • OECD, WTO and UNCTAD call on G-20 for commitment to open trade/investment
  • Halifax Initiative identifies reforms for EDC Environmental Policy
  • Australia's export credit agency assesses African mining projects
  • Launching Indonesia Eximbank
  • Enhanced ECA Financing Terms in Response to Climate Change (pdf)

August 2009

  • US ExIm Bank caught in environment vs job subsidy contradictions
  • EU clears German export-credit insurance scheme
  • India will soon be largest borrower from US Exim Bank
  • Australia's EFIC signs agreements with Korean and Thai counterpart ECAs
  • EFIC approves line of credit for General Motors subsidiary
  • Berne Union Asia special meeting discusses global financial crisis
  • Congo's Grand Inga hydro project
  • Canada's EDC to lend Bombardier US$160 Million for SAS aircraft
  • JIBC new projects
  • UK Government gives export support scheme green light despite corruption concerns

July 2009

  • Xinjiang riots damage Sino-Turkish ties, including possible Ilisu involvement
  • Japanese NGOs Demand Rigorous Safety Assessment for Nuclear Projects
  • Portuguese Government finalizes re-nationalization of COSEC
  • China to improve reform plans of China Eximbank, Sinosure
  • How One Mine Got a $1.05 Billion Loan Amid the Global Financial Crisis
  • Short-term export credits move back to government subsidies
  • Climate Follies: Bankrolling Dirty Power in Developing Countries
  • Export credit insurance supports Chinese exports to emerging markets
  • Nabucco Gas Pipe Accord Signed as Europe Looks Beyond Russia
  • U.S. extends export financing repayment terms for hydro, ocean thermal, nuclear
  • Oil Search Ltd. Says LNG Project Wins ‘Vote of Confidence’
  • German, Swiss and Austrian ECAs confirm cancellation of Ilisu credits

June 2009

  • CSOs urge OECD time-out on renewable and nuclear energy finance incentive negotiations
  • IFC proposes new finance intermediary to facilitate ECA supported trade deals
  • Mandelson writes Prime Minister & Chancellor to set out radical overhaul of ECGD
  • UK groups question BAE termination of ECGD insurance
  • Green energy investments overtake fossil fuel, but not for ECAs
  • IRN Introduction to China's ECA Financed Overseas Dam Industry
  • Belgian ECA sees Congress victory in India as positive for reforms
  • ECA supported aircraft sales to move from 20% to 50%
  • How is G20 doing on ECA pledges from London summit?
  • World leaders seek new Iran strategy
  • European Commission approves Finnish export-credit insurance scheme
  • European Governments Pull ECA Financing for Turkey's Ilisu Dam

May 2009

  • Canadian legislation in second reading would deny government export credit support to corporations ignoring standards
  • International petition requests declaration of Hasankeyf as a UNESCO World Heritage site
  • Concerns mount over Ilisu dam impacts
  •  New JIBC projects
  • Portugal announces intent to renationalize ECA COSEC
  •  Atradius DSB to add project screening for ILO standards compliance
  • China's Sinosure & US company provide credit risk information
  • EU Commission Approves Danish Export Credit Insurance Plan
  • UK government plans finance and insurance for exporters
  • Africa Trade Insurance Agency expands operations
  • ECAs essential to continued support for global trade
  • Cargill, Archer Daniels Midland, Bunge Win Most Export Aid Since 1992 as Credit Slows
  • No more Government insurance for BAE Systems' controversial Saudi Arabia arms deals
  • Study finds MDB/ECA funded coal plants result in thousands of deaths

April 2009

  •  
  • Ilisu dam site nominated for UNESCO heritage status
  • Turkish dam, British dilemma Case Study
  • Exxon seeks financier for the LNG project
  • Half of Nord Stream pipelines to be ECA financed
  • Cotton industry awaits WTO ruling on US export credits
  • EDC Legislative Review Riles Canadian Rights Groups
  • Iran applies for Berne Union membership
  • EDF study estimates MDB & ECA financed coal plants cause 6,000-10,700 extra deaths per year
  • G20 Summit approves additional $1.1 trillion for trade support

March 2009

  • G20 finance plan to rely heavily on new export credit agency money
  • ECGD asked to help assess risks of government working capital guarantee scheme.
  • ECGD states no review to be done of due diligence on BTC pipeline risk assessment
  • Britons face jail in US over bribery allegations re ECA supported Bonny Island project
  • TI(UK) calls for companies implicated in bribery to be excluded from future ECGD contracts
  • Aircraft Traders Are Nervous About Economic Recovery - request more ECA support
  • Australian ECA EFIC announces adoption of the Equator Principles
  • Turkey Deports International Rivers' Staff After Peaceful Water Forum Protest

February 2009

  • Urgent Plea to Save Critically Endangered Western Gray Whales at Sakhalin Island
  • China arrests former Sinosure head on corruption charges
  • Participants make changes to OECD administered export credit Arrangement
  • Delays in environmental reporting mock OECD Common Approaches commitments
  • OECD publishes 2007 ECA cash flow results for officially supported export credits
  • Lawsuit Forces U.S. ECAs to Account for Their Climate Change Impacts
  • Zurich Surety, Credit & Political Risk Joins with SACE on Public/Private Partnership
  • Canada vies to back India's nuclear boom
  • Industry grows more accepting of government help for airlines
  • Former US ExIm Bank official charged with corruption and tax evasion
  • Export credit agencies to fund PetroSA plant

January 2009

  • Export credit agencies force Ilisu suspension
  • Aircraft finance and ECAs
  • The Sakhalin Saga
  • Hochberg Named Chair of Import-Export Bank
  • Germany to restrict Iran export guarantees
  • JIBC and Goro Nickel in New Caledonia
  • JBIC signs deal for green energy projects in China
  • Dutch government announces credit guarantees
  • EDC moves to support Nortel following bankruptcy filing
  • The Corner House questions ECGD evaluations of BTC pipeline risks
  • Portugal approves 2 Billion Euro export credit facility (in Portuguese)