(PRN Newswire, 12 September 2013, Washington) The Office of Inspector General (OIG) for the Export-Import Bank of the United States (Ex-Im Bank) announced today that Teolinda Briseyda Angeles, an owner of an electronics company in Miami, Florida, was sentenced to serve one year and one day in...
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2013/09/30
Issue: BRIC countries
(All Africa News, 19 September 2013, Abuja) NEXIM, the Nigerian Export-Import Bank was established in 1991 and is owned equally by the Central Bank of Nigeria and the Ministry of Finance. Since 2009, NEXIM has reformed its processes and redefined its focus to promoting the diversification of...
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2013/09/30
Issue: BRIC countries, Oil, Gas and Mining
(Alliance News, 23 September 2013, London) - Aureus Mining Inc. Monday said the Export Credit Insurance Corporation of South Africa has approved export credit support for the company's US$88 million project debt finance facility to fund the development of its Liberian New Liberty Gold Project,...
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2013/09/30
Country: Australia, USA
ECAs: Export-Import Bank of the United States
Issue: Oil, Gas and Mining
(Heritage Foundation, 3 September 2013, Washington) For some lawmakers, corporate welfare is okay, unless it hurts someone in their district. Four lawmakers from Minnesota and Michigan are up in arms over a proposed $650 million financing deal for...
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2013/09/30
Country: USA
ECAs: Export-Import Bank of the United States
(Trade Finance, 27 September 2013, Washington) The Export-Import Bank of the United States (US Ex-Im) and Overseas Private Investment Corporation (OPIC) have published contingency plans in the event that Congress fails to agree to a continuing resolution to fund the US government. For OPIC, “...
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2013/09/30
Country: France, USA
ECAs: COFACE, Export-Import Bank of the United States
(SpaceNews, 23 September 2013, Paris) Representatives of the U.S. and French export-credit agencies gave no sign of pulling back on their support for their domestic rocket and satellite builders despite ongoing concerns by private-sector bankers that the agencies are funding projects that...
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2013/09/30
Issue: Aircraft, BRIC countries
(Moscow Times, 13 September 2013, Moscow) European credit agencies will help finance the sales of Russia's Superjet 100 aircraft, Vedomosti reported Thursday. A source close to Sukhoi Civil Aircraft, which produces the planes, said the Superjet has been deemed a European product because 70...
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2013/09/30
Country: Brazil
Issue: BRIC countries
(Folha de Sao Paulo, 27 August 2013, Brasilia) BNDES President Luciano Coutinho said that financing granted to Angola and Cuba were classified as secret by the government because of an agreement made between the two countries and Brazil. "The contracts are subject to provisions from the...
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2013/09/30
Country: Australia
ECAs: Export Finance and Insurance Corporation
Issue: Oil, Gas and Mining
Jubilee Australia has teamed up with a group of Sydney visual artists to create a visual arts installation for the Sydney Fringe Festival that profiles the themes in Jubilee Australia's 2012 report ...
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2013/09/01
Issue: Corruption
(ECA Watch, Ottawa, 31 August 2013) The latest available OECD ECA bribery survey responses on how member ECAs implement the 2006 OECD Recommendation on Bribery and ECAs is available on their web site. However,...
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2013/09/01
Country: Australia
Issue: Oil, Gas and Mining
(Bloomberg, Sydney, 11 August 2013) Gina Rinehart, chairwoman of Roy Hill Holdings Pty, is seeking about A$4 billion (US$3.56 billion) from export credit agencies, Banks are betting the economics behind Rinehart’s 21-year-long ambition outweigh concern that $250 billion of planned mines will...
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2013/09/01
(Business Recorder, Karachi, 29 August 2013) The Export Credit Bank of Turkey (Exim Bank) is to give $300 million credit facility to Pakistan for 2013-14 for which a formal pact will be signed during the 3-day (September 16-18) official visit of Prime Minister Nawaz Sharif to Turkey......
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2013/09/01
(Premium Times, Abuja, 24 August 2013) The Federal Government on Friday asked the Board of the Nigeria Export-Import Bank (NEXIM) to support Nigeria in maintaining its leading position as the powerhouse in regional trade in West Africa... Mr. Ngama, Minister of State for Finance, said last year...
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2013/09/01
Country: USA
ECAs: Export-Import Bank of the United States
(Bloomberg, Washington, 23 August 2013) The U.S. Export-Import Bank’s ability to compete with similar lenders from nations including China and Brazil has been hurt by questions stemming from last year’s reauthorization fight, according to the bank’s chairman. Fred Hochberg said reporters have...
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2013/08/31
Country: Netherlands
ECAs: Atradius
Member: Both ENDS
(Atradius Dutch State Business, Amsterdam, May 2013) The 2012 Annual Review of Atradius Dutch State Business shows that while the number of approved applications actually declined in 2012 as compared to the previous year, the total aggregate nominal risk exposure in the same...
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