(African Intelligence, Paris, 1 April 2021) As China's influence around the Indian Ocean increases, New Delhi is throwing itself wholeheartedly into a diplomatic battle to protect what it considers to be its turf. In March, the Indian Navy trained a group of about fifty members of Madagascar's...
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2021/04/29
Country: India, USA
ECAs: Export-Import Bank of the United States
Issue: End Coal Financing, Large Dams
(Sierra Club, Oakland, 23 April 2021) More than a year has passed since the deadly April 10, 2020 coal ash disaster at the US EXIM-financed Sasan coal plant in Singrauli, India. The coal ash disaster was responsible for the deaths of six people and created a massive flood of coal ash that...
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2021/04/29
Country: Russia
Issue: Nuclear
(BELTA, Minsk, 29 April 2021) Russian President Vladimir Putin has signed the law to ratify the protocol restructuring the protocol to amend the Belarusian-Russian intergovernmental agreement on the state export credit to the Belarusian government to build a nuclear power plant. During the...
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2021/04/29
Country: China
ECAs: EXIM Bank China
Issue: Debt
(News Ghana, Accra, 9 April 2021) These two articles examine China’s investment policy in Africa that should be read to learn the truth about China’s lending to the continent. One, is a briefing paper from China Africa Research Initiative (CARI) entitled, Twenty Years of Data on China’s Africa...
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2021/04/29
(Utilities MIddle East, Dubai, 11 April 2021) GE will provide capital and spare parts, repairs and services to 7 Iraqi power plants to help maintain more reliable generation of up to 2.7 gigawatts (GW) of electricity. GE played a key role in bringing the Iraqi Ministries of Finance, Electricity...
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2021/04/29
Issue: Aircraft
(PR Newswire, Chicago, 14 April 2021) Boeing projects global and diversified funding will continue to flow into the aircraft financing sector as the aviation sector navigates the global pandemic and vaccine deployment continues to accelerate. The 2021 CAFMO reports the aircraft financing...
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2021/04/29
Country: Canada
ECAs: Export Development Canada
Issue: Oil, Gas and Mining
(The Narwal, Victoria, 15 April 2021) Despite repeated promises to phase out fossil fuel subsidies, Canada’s federal government dedicated $18 billion in 2020 to assist the country’s oil and gas sector, according to a new report from Environmental Defence that outlines additional support for the...
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2021/04/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Thomson Reuters, London, 21 April 2021) Donor governments are pulling out of financing new coal plants, but campaigners say they want pledges to cover all fossil fuels, with gas still touted by some as a way to transition to renewable energy. Pressure on wealthy governments to stop financing...
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2021/04/28
Issue: Common Approaches, OECD
(Global Trade Review, London, 27 April 2021) The decision to amend local content rules within the OECD Arrangement on Officially Supported Export Credits has been hailed as an “important step” in modernising the agreement, though industry figures have raised concerns over a lack of progress in...
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2021/04/28
Country: Canada, Denmark, France, Germany, Netherlands, Spain, Sweden, United Kingdom, USA
ECAs: COFACE, Denmark EKF, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Climate Change
(Oil Change International, Washington, 15 April 2011) In response to the launch of a new Export Finance for the Future coalition (E3F), 21 civil society organizations (CSOs) from 14 countries...
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2021/04/28
Country: China, Japan, Korea
Issue: Climate Change, End Coal Financing
(For Our Climate, Seoul, 22 April 2021) Coal in Asia is facing a far more challenging future, with South Korean President Moon Jae-in today pledging to end public overseas coal financing and enhance its 2030 emissions target within this year, and Japan’s Prime Minister Suga committing to...
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2021/04/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change
(JD Supra, Sausalito, 27 April 2021) On April 22, 2021, President Joe Biden announced his International Climate Finance Plan as a follow up to his January Executive Order 14008 on Tackling the...
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2021/04/28
Country: United Kingdom
ECAs: Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Climate Change, Human Rights, Oil, Gas and Mining
(Africa Times, Roubaix, 22 April 2021) The British government’s investment in developing liquified natural gas (LNG) projects in Mozambique – projects contributing to the conflict and instability in the country’s north – is headed for judicial review following a successful legal filing from the...
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2021/03/31
Country: China, France, India, Japan, Korea, United Kingdom, USA
ECAs: COFACE, Export Import Bank of Korea, Export-Import Bank of the United States, Japan Bank for International Cooperation, UK Export Finance (UKEF)
Issue: Climate Change, Human Rights, Oil, Gas and Mining
(Global Trade Review, London, 31 March 2021) French energy major Total has been forced to suspend operations at its liquified natural gas (LNG) project in northern Mozambique for the second time this year, after a fresh attack by insurgents which killed dozens of local and foreign citizens,...
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2021/03/31
Country: China
ECAs: EXIM Bank China, Export-Import Bank of the United States
Issue: Debt, Transparency
(EXIM and Chatham House, 2019 and 2020) The U.S. 2019 approved reauthorization of EXIM included a goal of reserving not less than 20% of the...
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