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2012/06/05
(Wall Street Journal, Athens, 5 June 2012) Greek retailers and small businesses are starting to see select items disappear from store shelves as a widening credit squeeze weighs on importers. Germany's Euler Hermes and France's Coface, said they won't offer new insurance cover for exporters... more
2012/06/04
(Irish Independent, Dublin, 16 June 2012) Ireland's €5.6bn trade with Spain risks being damaged as the export credit market destabilises in the face of Spain's worsening economic difficulties, the Irish Exporters' Association (IEA) has warned. IEA chief executive John Whelan said that many Irish... more
2012/06/03
(ECA Watch, Ottawa, 30 June 2012) The OECD's Export Credit Division last released overall ECA activity statistics up to 2005 in January 2007. OECD staff have argued that difficulties in standardizing their databases for... more
Issue: OECD, Transparency
2012/06/02
(Reuters, Washington, 25 June 2012) U.S. exports could suffer unless a new international agreement is reached to rein in the growing portion of government export financing that is happening outside agreed-upon OECD and WTO rules, says Fred Hochberg, head of the U.S. Export-Import Bank, whose credit... more
2012/06/01
(European Commission, Brussels, 29 June 2012) The European Commission is inviting comments on its first draft of a revised communication on the application of EU state aid rules to short-term export credit insurance. With the financial crisis cutting the supply of "private" export credit finance,... more
2012/05/10
(All Africa News, London, 4 May 2012) The African Development Bank (AfDB) held its inaugural Annual Syndications and Co-financiers meeting in London on 24th April, 2012. The event was intended to broaden and deepen the pool of AfDB's co-financing partners for private sector operations, primarily... more
2012/05/09
(Sudan Tribune, Nairobi, 16 May 16 2012) – South Sudan, has joined the membership of the African Trade Insurance (ATI) agency which insures investment and political risks in the continent... Established in 2001 the billion-dollar multilateral financial institution provides export credit insurance,... more
2012/05/08
(Hindu Business Line, Chennai, 25 May 2012) U.S. farm support legislation is due for revision later this year. Cotton exporters like India should take a cue from Brazil and pressure the U.S. to bring down its market-distorting export subsidies... The origin of this dispute can be traced back to... more
2012/05/07
(Vanguard, Lagos, 26 May 2012) The Nigerian Export-Import Bank (NEXIM) is partnering the Nigerian Film Corporation in a co-sponsoring arrangement at the on-going 65th edition of Cannes International Film Festival, in France. The NEXIM team is at the festival to seek co-financing/co-production... more
2012/05/06
(Bloomberg, London, 23 May 2012) PFA Pension, Denmark’s largest pension fund, and the Eksport Kredit Fonden boosted its loan programs to 55 billion kroner (US$9.3 billion) to help Danish groups including wind companies such as Vestas Wind Systems... PFA Pension is providing 10 billion kroner in... more
2012/05/05
(Business Insurance, NY, CreditMan UK, 22 May 2012) Marsh, a US insurance broking and risk management firm has formed a a group of specialists to help its clients find public agencies for political risk and credit insurance. Increased volatility in political risk coupled with lingering effects from... more
2012/05/04
(Reuters, Beijing, 3 May 2012) China is willing to reform its export-credit financing, an unnamed senior U.S. official said, a move that can help level the playing field between Chinese exporters and companies in other countries. The U.S., 27 nations of the European Union, Australia, Canada, Japan... more
2012/05/03
(ECA Watch, 28 May 2012) At their session on April 16/17, after almost 2 years of negotiations, the ECG of the OECD adopted a new version of the 2007 Common Approaches on... more
2012/05/02
(Pacific Environment, Washington, 25 May 2012) The Board of Directors of the Export-Import Bank (Ex-Im Bank), a federal government trade promotion agency, voted to provide $90 million in financing to the top U.S. coal exporter, Xcoal Energy & Resources, to export coal to China and other Asian... more