Index for 2023

December 2023

  • ECAs supporting billions in global trade form net-zero alliance facing civil society scepticism
  • At COP28, Export Development Canada joined Net Zero Alliance Despite Fossil Financing
  • Norway joins 40-signatory partnership to end international public finance for fossil fuels
  • Texas Gulf Coast communities speak out against Japanese ECA backed LNG development
  • EXIM Lent Nearly $1 Billion to Fossil Fuel Projects in 2023
  • PPIB Announces $2 Billion Financial Close of Thar Coal-Fired Plant
  • Saudi Arabia concludes €1 billion financing deal with Italy’s SACE
  • North Field expansion project - a quantum leap in leadership of Qatar's global energy landscape
  • TFX: Export finance trends of 2023: ECAs spearhead success amidst global challenges and geopolitical shifts
  • Gunvor gets gas loan backed by SACE
  • Ukraine strikes deal to get 2 Royal Navy minehunters from UK with UKEF support
  • Italy’s export credit agency SACE unveils its ambitious ESG strategy at COP28
  • Pakistan’s Export-Import Bank formally launched
  • Türk Eximbank expected to provide exporters $41 billion in 2023

November 2023

  • Trade credit insurance reaches just 13% of insured shipments
  • Environmental groups urge funding halt for TotalEnergies' Mozambique project
  • Joint letter from 125 international CSOs to global leaders at COP28 calling for transformative public finance for a globally just energy transition
  • EU, UK, and Canada move to phase out fossil fuel finance at OECD
  • OECD oil and gas export credit fossil fuel ban postponed to next year
  • Where are the Cop26 finance pledges now?
  • Saudi Arabia Courts African Leaders to keep the world hooked on oil
  • ExxonMobil and ECAs make moves on lithium
  • Banks urge OECD to resurrect 5% down-payment rule
  • Russian export credit claims soar
  • EDC uses environmental review directives on less than 1% of transactions
  • Spillover effects of the Ukraine crisis: political risk insurance in times of brinkmanship
  • World's largest car theft and the Swedish ECA
  • Offshore wind firm secures £370 million government-backing to expand UK business
  • Small nuclear reactor, funded by JBIC, is cancelled
  • Rethinking Technology Transfer to Support the Climate Agenda

October 2023

  • Fossil Free Export Credit Agencies – a new web resource
  • Alignment of US EXIM with US climate and development policy objectives
  • EXIM Board Unanimously Approves Financing for 3 projects in Romania, Kazakhstan and Iraq
  • Israel-Hamas conflict: Indian exporters may face higher risk premiums, shipping costs
  • EU and UK seek ban on ECA subsidies for foreign fossil fuel projects
  • ECAs and Reconstruction in Ukraine
  • UKEF Announces Financial Support for Ukraine’s Nuclear Fuel Supply
  • CPChem, QatarEnergy finalize financing on $6 bn Ras Laffan, Qatar, petrochemicals project
  • Afreximbank signs US$300mn deal to support Congolese crude oil production
  • Uganda crude pipeline nears Sinosure $3bn funding deal
  • Hai Long team confirms €3bn Taiwan wind financing deal
  • India's Reliance Jio Secures $2 Bn In Largest FY24 Offshore Loan with Finnvera backing
  • SACE Meets India: Facilitating $1.6 Billion for Green Transitions
  • Germany offers cheaper export credit support in new climate policy
  • ECAs and the airline industry’s financial landscape
  • Afri-Exim, ICRC approve $1.2bn for moribund Burutu port
  • Egypt in talks to secure $2.1 bln loan for 2nd high-speed rail line
  • London Hosts West and Central Africa Trade Forum
  • Citigroup: The future of export agency finance
  • Over 250 organizations back groundbreaking efforts by OECD countries to end $41 billion a year in fossil fuel finance

September 2023

  • Rich country ECAs sink billions into oil and gas despite Cop26 pledge
  • ECA Market Booming Worldwide
  • Export Finance for Future (E3F) and accountability
  • Trade Credit Insurance Market Report by Development Factors 2031
  • UK, Japanese and Italian ECAs support projects in Africa
  • Uganda in talks with Chinese ECA for pipeline funds after Western banks cave in
  • FSD Africa Investments Pledges $19.5 Million to Fortify Africa’s Climate Resilience
  • UAE pledges $4.5bn for Africa clean energy projects
  • USEXIM to Invest $5 Billion in Space Industry
  • Ukraine’s ECA-backed exports hit record high
  • US Exim approves first domestic manufacturing deal
  • Could ECAs finance cleaner steel & industrial hubs?
  • Hungary Exim wins World Bank support for ING loan
  • Canada restricts subsidies, but delays plan to end billions more in ECA fossil fuel finance

August 2023

  • OECD Modernisation of the Arrangement on Export Credits
  • Australian Government sued for failing to report the climate and biodiversity impacts of subsidising fossil fuel projects
  • Green Groups Call on EXIM to Reject PNG LNG Project
  • US fossil fuel hypocrisy is betraying the planet
  • The BRICS come of age [But what role for ECAs?]
  • EU’s €45bn plan to tackle Latam productivity woes
  • Feet to the Fire: Big Oil and the Climate Crisis
  • India's Reliance Jio ties up $2.2 bn funding from Sweden's EKN for 5G equipment
  • New Chinese growth drivers sought to boost exports amid weak global demand
  • Sinosure’s Country Blacklist?
  • Russian ECA plans special loans for African companies
  • Four Emirati women lead UAE’s powerful financial institutions
  • UKEF to provide £192m loan guarantee to boost Ukraine nuclear capabilities
  • Arafura Rare Earths offered EDC and Euler Hermes support
  • Euler Hermes to back €1.29bn financing for Angolan solar infrastructure development
  • EDC trying to reclaim $347 million insurance payout to Suncor linked to Libya unrest

July 2023

  • Civil societies say Germany's plan for export credit guarantees violates climate commitments
  • Biden breaks climate pledge again with new EXIM LNG approval
  • Italy’s SACE breaks climate promise with $500 million guarantee for Peru oil refinery
  • Who are the major financiers of Brazilian FPSOs?
  • Coal-project financing outside of China hits 12-year low
  • AFRICAN NGOS URGE END OF SUPPORT FOR FOSSIL FUEL PROJECTS IN AFRICA AND SIGN THE GLASGOW STATEMENT
  • Guarantees for 1st Batch of Korea’s Arms Exports to Poland limit 2nd batch due to 40% limit on equity capital
  • OECD amends export credit agency arrangement to boost green trade
  • Korea Eximbank prepares ECA Version 2.0 to boost exports
  • Piyush Goyal meets bankers on export credit to MSME exporters aiming to achieve $1 trillion merchandise exports
  • £3.5bn UKEF support given to UK manufacturing, £1.1bn to construction in 2022/23
  • Cedar Rose reaffirms its longstanding partnership with Sinosure
  • India's ECGC may permit Sri Lanka to repay debt over 12 years
  • UKEF is not building a multimillion pound railway line in Turkey
  • ‘Wolves’ Clever Opportunism: Securing £99m UKEF Loan’

June 2023

  • How Major Economy's ECAs are Breaking their own Climate Change Pledges
  • OECD allows support for fossil-based technologies under agreed ‘climate incentives’
  • Norway's Eksfin accused of ‘climate hypocrisy’ for financing Turkish gas field
  • UK's top court rejects Friends of the Earth’s appeal over government’s funding for Mozambique LNG project
  • Indonesia's Pertamina reaches $3.1 billion ECA and bank financing deal for Balikpapan oil refinery
  • SACE signs agreement with Saneg for methanol-to-olefin gas chemical complex
  • Mercuria closes deals worth over US$5bn including first ECA backing by SACE
  • SBM Offshore completes US$1.615 billion financing of Alexandre de Gusmão offshore Brazil FPSO
  • EU in talks over export credit facility for ECAs, banks
  • Berlin loosens requirements for Ukraine export guarantees
  • Ukraine axes ban on ECA-backed loan repayments
  • Japan’s NEXI acquires stake in African Trade Insurance Agency
  • African sovereign debt poses challenges for ECA activity

May 2023

  • CSOs condemn G7 leaders for dangerous backsliding on gas, breaching commitments to end fossil fuel finance
  • Ahead of OECD negotiations, report shows OECD export finance props up fossil fuels, blocking energy transition
  • OECD ECAs urged to scale up climate ambitions
  • 200 and counting – Global financial institutions committed to coal divestment has doubled in 3 years
  • 103 Canadian CSOs call for elimination of fossil fuel subsidies through a robust assessment framework
  • IFC announces it will stop clients funding new coal projects
  • China trails global financial firms in committing to end investments in coal projects
  • Export credit market shows strong growth: Berne Union
  • Heads of G7 Export Credit Agencies - Meeting Statement
  • Quad summit discusses ECA cooperation In Indo Pacific
  • Australian roundtable notes ECA support crucial to transition
  • EU greenlights Denmark’s export and investment fund
  • Tiwi Islanders protest Santos' Barossa gas project in Australia
  • EDC and Alstom support sustainable transport projects
  • UKEF and BAE reach deal over historic Iran weapons sales
  • SWEDWATCH: The EU must urgently review its outdated policy on export credits

April 2023

  • OECD countries reach historic agreement to modernize export credit support
  • ECAs of a wide range of OECD countries still finance oil and gas
  • DeSmog: "UKEF locks us all into more carbon emissions for decades"
  • FOE investigates EXIM fossil fuel influence peddling in Alaska carbon bomb
  • Export Finance Australia (EFA) can no longer justify fossil fuel funding
  • ECAs to play significant role in securing Europe’s critical materials
  • UK export credit agency gains £10bn in additional financing
  • Russians urging greater EXIAR engagement with Africa
  • Italian credit agency SACE to allocate additional USD 1.1bn for Ukraine
  • SINOSURE pulls out of Nigerian AKK pipeline funding
  • COPE to investigate corruption charges against Sri Lanka ECA General Manager
  • Five decades later, UKEF-backed Iran missiles deal lands in court
  • Export Credit Norway (ECN) covers 85% of Hungarian missile system purchase
  • Angolan food production plant supported by Deutsche Bank and SACE
  • Chinese & foreign banks & ECAs bolster Belt & Road Initiative

March 2023

  • OECD Arrangement participants fail to clinch modernisation deals
  • Commitment to end international finance for fossil fuels is shifting billions but key countries are missing in action
  • Italy Vows to Support Fossil Fuel Projects At Least Until 2028 Despite COP26 Pledge to Cut Investments
  • SACE to insure up to $3 billion in corporate energy bill payments disrupted by Russia's war against Ukraine
  • Parliamentary question on SACE: Fossil fuel subsidies & potential conflict of interest
  • Italy waters down fossil fuel pledge as Sace backs gas
  • Netherlands contradicts COP26 promise, moves ahead to support 30 year oil and gas production project in Brazil
  • The changing face of MENA export credit agency-backed financing
  • IMF calls for scaling up Climate Finance
  • Powering up women in trade, treasury & payments
  • EXIM provided $600m to Lithuania to fight punative Chinese sanctions over relations with Taiwan
  • Asociación de Cooperativas Argentinas (ACA) Borrows $80m from FMO, FinDev Canada, Rabobank to Boost Farm Exports
  • Embraer closes US$ 200 million EXIM credit facility with Citibank
  • Polish ECA supporting US$73m (£60m) project to expand Angolan University

February 2023

  • LNG at forefront of Dutch Atradius foreign fossil fuel funding
  • Atradius backs Dutch construction companies profiting from devastating Philippines mega-airport
  • Insurance giant Marsh under fire over role in controversial oil project
  • 26 Italian oil and gas companies visit Kuwait with SACE
  • Environmentalists continue to challenge UKEF funding for gas in Mozambique
  • OECD Civil Society Joint Position on ECA oil and gas restrictions
  • Progress within export finance on sustainability, but changes sorely needed on OECD Arrangement
  • WFW advises HSBC on US$300m SACE Facility for Bahrain's nogaholding
  • The French Mistral: The Case of the Russian Sale and Its Aftermath
  • Lessors & ECAs lead rhuge Air India jet order while Kenya Airways defaults on EXIM
  • Public Financing as a Critical Path Forward to a Just Energy Transition in Africa
  • Swedish Export Credit (SEK) Securities Exchange Act Form 6-K
  • Finnvera Group 2022 Financial Statements
  • New ECGC policies to support Indian Exporters: Economic Survey Report 2023
  • Dutch climate expenditure audit reveals inconsistencies
  • Pandemic, disasters, war: Michal Ron looks back on Berne Union Presidency
  • Finnvera change signals new ECA opportunities for SMEs

January 2023

  • Public Financing as a Critical Path Forward to a Just Energy Transition in Africa
  • Trade Finance In Wartime
  • Heads of G7 Export Credit Agencies Express Support for Ukraine
  • Court finds UKEF’s $1.15 bln funding for Mozambique LNG project lawful
  • UKEF signs deal with Egyptian construction titan to boost post-Brexit trade with Africa
  • "Green" Hydrogen: What role for ECAs?
  • Comparing Government Financing of Reactor Exports
  • Saudi and Italian ECAs sign MoU to enhance trade cooperation
  • Mexico Expects State Oil Giant Pemex to Pay Its Debt Without Government Help
  • Chinese export insurer scales up support for foreign trade
  • Spain's CESCE restricts fossil fuel finance, but leaves major gas loopholes
  • India extends aid worth USD 3.9 billion to help Sri Lanka face economic crisis
  • GE secures €1bn agreement with Polish ECA
  • Uganda cancels $2.2bn Chinese rail contract, signs with Turkey
  • Dutch climate expenditure audit reveals inconsistencies

December 2022

  • EU adopts new package of sanctions against Russia