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2006/07/01
(Both Ends, Amsterdam, 5 July 2006) The Netherlands Ministry of Finance announced today (July 3, 2006) its first agreement for a swap of its exposure on Indonesia. A risk of € 50 million of Atradius-DSB on Indonesia is exchanged for the same amount of risk of the Danish EKF on Vietnam.
2006/06/11
Made up of 19 of the world's richest nations, the Paris Club was formed in 1956 as an informal group of creditor governments to manage their collective debt portfolio. Since 1983, the Club has covered some 504 billion dollars of debt originally given through bilateral, and wrongly labeled, "aid"... more
2006/06/10
(Reuters, Washington, 20 June 2006) The United States is ready to tap its export credit "war chest" for the first time in years to protect GE from what it considers unfair South Korean competition for a sale of 50 locomotives, a U.S. Treasury official said on Tuesday.
2006/06/09
The AES Corporation of the U.S. officially started the construction Tuesday of a $1.4 bln 670MW lignite-fired power plant in Bulgaria. Financing for the project is through a consortium comprising the European Bank for Reconstruction and Development, Calyon, BNP Paribas and ING Bank. German and... more
2006/06/08
(FoE Australia, 19 June 2006) In terms of directly funding global warming through its aid program, Australia is playing an especially poor game: we have greatly reduced our funding for renewable energy programs in our aid program in recent years, while EFIC - the Australia Export Credit Agency -... more
2006/06/07
.(Rheebu Nuu, Point Zero, Paris, 23 June 2006) An admnistrative tribunal in New Caledonia on 14 June 2006 annuled Canadian mining giant Inco's mine operating permit, noting that environmental impact studies were inadequate. A delegation of Kanak leaders and environmentalists have been in Paris this... more
2006/06/06
(Interfax China, Shanghai, 12 May 2006) As the Three Gorges Dam nears completion, critics fear catastrophe. While the American Ex-Im Bank and the World Bank refused to provide support,... more
2006/06/05
(Jakarta Post, 7 June 2006) Defense Minister Juwono Sudarsono on Tuesday signed an export credit agreement worth US$75 million with his Polish counterpart Radoslaw Sikorski that guarantees the immediate delivery of 10 Skytruck aircraft to Indonesia.
2006/06/04
(Dutch Campaign Against the Arms Trade, Amsterdam, 27 June 2006) Approximately a quarter of the long-term credits and guarantees provided by European ECAs goes to military exports. Military export credits... more
2006/06/03
(China Daily, Shanghai, 16 June 2006) The leaders of the Shanghai Co-operation Organization (SCO) yesterday reiterated their commitment to lasting peace and common prosperity. China has been smoothly implementing its plans to provide US$900 million in loans in the form of preferential buyer's... more
2006/06/02
(Moldova.org, 10 June 2006) Finance ministers from the Group of Eight (G8) nations on Saturday warned fast-growing economies against tempting poor countries into new debt traps and told them to coordinate with other lenders. China, South Korea, India and Brazil are the big emerging lenders through... more