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2010/02/01
(The Cornerhouse, Dorset UK, 12 February 2010) As part of its ongoing efforts to press the UK government to stop turning a blind eye to corrupt activities of British corporations abroad, The Corner House has joined Campaign Against Arms Trade (CAAT) to request a judicial review of a recent... more
2010/01/12
(Port2Port, Tel Aviv, 25 January 2010) The Israeli Credit Insurance Company - ICIC, provides over $12 billion worth of credit insurance services in 115 countries and predicts that the export support program will boost exports by more than NIS 1 billion (US$268 million) in 2010. As Israel approaches... more
2010/01/11
(South Africa Info, Johannesburg, 5 January 2010) South African state power company Eskom has signed a loan agreement for R13-billion (US$1.7 B) with the French export credit agency Coface for the commissioning of its Medupi and Kusile power plants. Widespread protests have risen in South Africa at... more
2010/01/10
(FARS News Agency, Tehran, 19 January 2010) Managing Director of the Export Guarantee Fund of Iran (EGFI) Seyed Kamal Seyed-Ali announced that the fund has applied for membership in the International Union of Credit and Investment Insurers (Berne Union). Meanwhile, Europeans have... more
2010/01/09
(Centre for Asia Pacific Aviation, Sydney, 21 January 2010) DVB Bank, a specialist in global transport finance, cautioned that the “lenders of last resort” – Export Credit Agencies – will again be crucial in the avoidance of a funding gap for commercial aircraft deliveries in 2010, after playing a... more
2010/01/08
(Foreign Affairs, Tampa, 5 January 2010) Just as China promotes domestic growth by combining state intervention with private investment..and believes it has managed to move millions of its people out of poverty, ...it is now applying this same policy strategy with a mixture of hard-nosed but clear-... more
2010/01/07
.(Financial Times, London, 16 January 2010) British exporters backed by taxpayers' money would have greater freedom to use child workers and even forced labour abroad under a policy reversal floated by the Export Credits Guarantee Department...Nick Hildyard, researcher for The Corner House, a... more
2010/01/06
(The Corner House, Dorset, 29 January 2010) The UK's Export Credit Guarantee Department (ECGD) last year released a number of documents on the now completed Baku-Tbilisi-Ceyhan (BTC) pipeline project. The Corner House has flagged some of the concerns raised by these materials: for example that the... more
2010/01/05
(Reuters, Geneva, 22 January 2010) Rich-country members of the World Trade Organisation have blocked calls by developing countries to examine the possible protectionist impact of bailouts and financial stimulus packages. As noted in What's New article #4 above, ECAs played a significant role in... more
2010/01/04
(Trade Finance Magazine, London, 25 January 2010) What saved trade from collapsing totally during the global crisis? This column by World Bank experts argues that export credit agencies played a key role in stabilising the trade finance market, and thus helped reduce credit risks and allowed... more
2010/01/03
(Jubilee Australia, Sydney, December 2009) Risky Business shines a spotlight on the Export Finance & Insurance Corporation (EFIC), Australia's export credit agency, and its support of risky extractive projects in developing countries. The report aims to make EFIC more accountable to Australians... more
2010/01/02
(ECA Watch, 22 January 2010) ECA Watch has requested that the analysis of fossil fuel subsidies to be prepared for the next G-20 summit, with a view to phasing them out, include a review of export credit subsidies, despite apparent efforts within the OECD to exclude ECAs from the scope of the... more