(Global Trade Review, London, 30 January 2023) Michal Ron was elected president of the Berne Union, the international association for the export credit insurance industry, at a particularly unstable time for global trade. In an exclusive interview with GTR, she looks back on her two-year term,...
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2023/02/28
Country: India, Ireland
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Reuters, Bengaluru, 15 February 2023) As global aerospace savours a record Air India 500-plane deal cheered by world leaders, it is the turn of leasing companies to line up for a piece of the action. "The large majority of these aircraft are likely to be financed through sale-and-leasebacks...
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2023/02/28
Country: Finland
ECAs: Finnvera
(Yahoo Finance, Helsinki, 16 February 2023) “Despite the impacts of the coronavirus pandemic, the war launched by Russia and the uncertain operating environment as well as inflation, Finnish companies were very active in 2022, and the demand for Finnvera’s financing remained at a high level....
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2023/02/28
Country: France, Russia
ECAs: Bpifrance, COFACE
Issue: Aircraft, Arms Trade
(SLD Info, Paris, 16 February 2023) France took a financial hit of €409 million ($440 million) as a result of its 2015 cancellation of the sale of two helicopter carriers to Russia, the national audit office said in its report on French arms exports. “In total, taking into account the result...
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2023/02/28
Country: Italy
ECAs: SACE S.p.A.
(WFW, London, 9 February 2023) Watson Farley & Williams (“WFW”) advised HSBC Bank Middle East Limited, acting as Export Credit Agency (ECA) Co-ordinator and Sole Structuring Bank, and HSBC Bank plc (jointly “HSBC”) as Agent and Sustainability Co-ordinator, on a US$300m Push Facility...
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2023/02/28
Issue: Climate Change, OECD
(TXF, London, 10 February 2023) The International Chamber of Commerce (ICC) White Paper update of its 2021 report shows that ECAs and...
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2023/02/27
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(Mediarun Search, London?, 13 February 2023) In January, an appeals court rejected the request, but Friends of the Earth wants the arguments to be heard again by the Supreme Court (Portugal’s equivalent of the Constitutional Court). “The funding decision was made without taking into account the...
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2023/02/27
Country: South Africa
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
(Creamer Media's Engineering News, Pretoria?, 13 February 2023) With the world population recently crossing the 8 billion mark and Africa expected to contribute more than half of the projected increase in the global population up to 2050, now more than ever, access to reliable, sustainable, and...
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2023/02/27
Country: Italy
ECAs: SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(Ansamed, Rome, 1 February 2023) Some 26 Italian companies operating in the oil and gas sector visited Kuwait Jan 30-31 as part of a trip organised by the Italian embassy in close collaboration with the Italian Export Credit Agency (SACE), Confindustria, the main association representing...
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2023/02/27
Country: Netherlands
ECAs: Atradius
Issue: Climate Change, Human Rights
(Global Witness, London, 2 February 2023) Global Witness’ new report reveals how a new mega-airport north of Manila displaced hundreds of residents after a coercive consultation process in which armed soldiers were sent door-to-door, leaving community members describing feeling “terrified”......
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2023/02/27
Country: Sweden
Issue: Transparency
(Street Insider, Birmingham, MI, 1 February 2023) SEK Year End Report 2022: Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. February 1, 2023 Swedish Export...
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2023/02/27
Country: USA
Issue: OECD, Oil, Gas and Mining
(Inclusive Development International, Asheville NC, 7 February 2023) Ugandan, Tanzanian and U.S.-based human rights and environmental groups have lodged a formal complaint alleging that Marsh is violating OECD guidelines for responsible business conduct by serving as insurance broker for the...
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2023/02/27
Country: India
Issue: Debt
(Taxcan, New Delho, 1 February 2023) The Economic Survey Report 2023 points out the significance of new Export Credit Guarantee Corporation (ECGC) policies to support Indian Exporters and the expectational changes by the 2023 Budget. The Export Credit Guarantee Corporation (ECGC) supports...
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2023/02/27
Issue: Climate Change, European Union, OECD, Oil, Gas and Mining
Member: Oil Change International
(Oil Change International, Washington, 27 February 2023) Over 175+ organizations from over 45 countries have signed onto a Joint Civil Society Position calling for a robust prohibition on oil and gas finance under the OECD Arrangement on Export Credits. Export Credit Agencies (ECAs) are the...
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2023/02/27
Country: Netherlands
ECAs: Atradius
Issue: Oil, Gas and Mining
(Argus Media, London, 22 February 2023) The Netherlands is assessing several applications for international fossil fuel projects that could be granted state funding until the end of 2023, most of which target the LNG supply chain. Dutch export credit agency Atradius — in charge of the country's...
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