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2010/03/07
(The East African, Nairobi, 1 March 2010) China's great rival in African mining is Canada. Only South Africa has more mining assets and investments according to the Canadian Ministry of Natural Resources. Canadian companies were active in 35 African countries and Africa represented 17 % of the... more
2010/03/06
(Dredging Today, Rotterdam, 17 March 2010) Loans provided by IHC Merwede will be insured by the Dutch Government so the shipbuilder can persuade customers who would like to invest but due to economic headwinds are reluctant to open their purses. The loan is made possible by IHC Merwede's banker... more
2010/03/05
(Financial Times, London, 9 March 2010) Exports are being held back by lack of an adequate state-backed trade finance scheme, leaving many companies unable to take advantage of favourable exchange rates, according to the British Chambers of Commerce. UK companies are still experiencing severe... more
2010/03/04
(2SER-FM, Broadway NSW Australia, 28 February 2010) Human rights watchdog Jubilee Australia has issued a report on Australia’s low-profile export credit agency, EFIC, The Export Finance and Insurance corporation.... more
2010/03/03
(Amnesty International, London, 27 March 2010) Amnesty International is calling for a human rights due diligence framework to be built into the operations of ECAs and their client companies – in particular by integrating human rights into the impact assessment process currently laid out in the... more
2010/03/02
(Environmental Leader, Fort Collins, 25 March 2010) The Export - Import Bank of the United States (Ex-Im Bank) has distributed a detailed implementation plan to stakeholders for its carbon policy,... more
2010/03/01
(ECA Watch, Paris, 26 March 2010) In response to a request for comments on a draft proposal for revisions to the Sector Understanding on Export Credits for Renewable Energy and Water Projects, to be negotiated in the OECD's Export Credit Working Group in the week of April 19th, 2010, ECA Watch... more
2010/02/09
(World Trade Magazine, Cleveland, 6 February 2010) The unprecedented size of the recession has forced insurers to pare back their coverage limits and even cut off clients completely. Some experts expect up to a 20 percent reduction in capacity during 2010. In the face of dried up credit and scarce... more
2010/02/08
(Spiegel Online, Brussels, 23 February 2010) The EU is preparing tough sanctions against Iran's energy and financial sectors, according to a confidental list of proposals drawn up for EU foreign ministers and obtained by SPIEGEL ONLINE. The measures, aimed at forcing Iran to back down in the... more
2010/02/07
(Hindu Business Line, Bangalore, 17 February 2010) The Export Credit Guarantee Corporation (ECGC) of India is monitoring the situation of Euro-zone countries faced with distress. The countries facing sovereign debt stress include Portugal, Italy, Greece and Spain.These four countries together... more
2010/02/06
(OECD, Paris, 25 February 2010) The OECD working group on export credits will be discussing a draft new sector understanding on export credits for climate change and water projects in the week of 19 April 2010, and has requested comments from civil society organizations by 26 March 2010.
2010/02/05
(OPIC, Washington, January 2010) The Overseas Private Investment Corporation (OPIC) is proposing revisions to its “Environmental Handbook” which covers policy requirements that OPIC applies to projects it supports. These policies are based on statutory requirements found in the Foreign Assistance... more
2010/02/04
(Wall Street Journal, 9 February 2010) Nine carriers from France, Germany, Britain and Spain, the home countries of Airbus, want to rework an agreement between the US and the EU that limits which carriers can benefit from government-backed export financing. This home-market rule forbids airlines... more
2010/02/03
(WISE/NIRS Nuclear Monitor, Amsterdam, 29 January 2010) Despite a reluctance to reverse Germany's overall moratorium on nuclear energy development pending May elections in North Rhine-Westphalia, the federal government has signaled the reversal of exclusion criteria for nuclear exports in... more
2010/02/02
(ECA Watch Austria, Vienna, 12 February 2010) Turkish prime minister Erdogan announced that construction of the Ilisu dam would soon restart, despite a 3 February 2010 European Parliament resolution which demanded that Ilisu construction stop as part of Turkey's accession negotiations with the EU.
Country: Turkey
Dodgy Deal: Ilisu Dam
Issue: European Union, Large Dams