(ThisDayLive, Lagos, 30 August 2014) According to the managing director of Nigeria Export-Import Bank, Mr. Roberts Orya, “The non-oil sectors are now the key drivers of the country’s GDP growth, which is expected to rise to 7.3 percent in 2014 Nigeria’s rise above South Africa and Egypt in...
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2014/09/23
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft
(Fresh Business Thinking, London, 23 September 2014) "Commercial finance and liquidity may be readily available at the moment, but the aviation sector also needs to consider capital markets as a source of future funding," that is the message UK Export Finance’s Head of Aerospace, Gordon Welsh,...
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2014/08/30
(SME Times, New Delhi, 21 August 2014) Apex exporters body Federation of Indian Export Organizations (FIEO) has set an ambitious export targets of USD 350 billion for the current fiscal and USD 750 billion by 2018-19 and in order to achieve the desired export target, FIEO Chief Thursday said...
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2014/08/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change
(Climate Progress, Washington, 7 July 2014) Last December the Export-Import Bank announced it would stop financing coal-fired power plants abroad, with a few exceptions in the poorest countries in the world. Now, as political pressure in the US Congress puts the bank’s future in to question,...
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2014/08/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Arms Trade
(US General Accounting Office, Washington, 28 August 2014) The Export-Import Bank of the United States (Ex-Im) has policies for monitoring the end use of defense articles and services it finances, including documentation requirements that are reflected in its financing agreements with...
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2014/07/29
Country: China
(ECNS.CN, Beijing, 24 July 2014) China Export and Credit Insurance Corp (Sinosure) insured $229.12 billion in the first half of 2014, a year-on-year increase of 19.2 percent, the China Securities Journal reported on Tuesday. Short-term export credit insurance accounted for $181.38 billion; $7....
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2014/07/29
(Creditman, Amsterdam 15 July 2014) A new white paper "The future of Trade Credit Insurance" has been published by Russell Group Limited, a risk management software and service company,...
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2014/07/29
Issue: BRIC countries
(Hindu Business Line, Mumbai, 16 July 2014) Export Credit Guarantee Corporation of India Ltd (ECGC) has signed a Memorandum of Understanding (MoU) on Co-operation...
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2014/07/29
Country: USA
ECAs: Export-Import Bank of the United States
(General Accounting Office, Washington, 25 June 2014) The U.S. Export-Import Bank has addressed recommendations GAO made in two 2013 reports that related to processes for estimating losses, managing financial risks, and forecasting outstanding financial commitments (exposure).
2014/07/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(US General Accounting Office, Washington, 8 July 2014) From 2008 through 2013, the US Ex-Im Bank (ExIm) and European ECAs supported 26% of large commercial aircraft deliveries. Since 2004, Ex-Im financing support for Boeing wide-body jet exports has generally increased, and, in fiscal years...
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2014/07/29
Country: United Kingdom
ECAs: Export Finance and Insurance Corporation
Issue: Aircraft
(The Independent, London, 6 July 2014) The Government is using taxpayers' money to underwrite £140m-worth of deals for a company whose ultimate ownership is based in a notorious tax haven. UK Export Finance, a branch of the Department for Business, is risking public funds to provide insurance...
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2014/07/29
Country: France
ECAs: COFACE
Issue: Climate Change
(Le Figaro, Paris, 6 July 2014) The French Minister of Foreign Affairs and International Development has called for an end to public subsidies for fossil fuels. After warning that our addiction to fossil fuels will destroy more wealth than it creates, he called on public and private investors...
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2014/06/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Corruption
(Wall Street Journal, Washington, 23 June 2014) The U.S. Export-Import Bank has suspended or removed four officials in recent months amid investigations into allegations of gifts and kickbacks, as well as attempts to steer federal contracts to favored companies.
2014/06/30
(ECA Watch, Ottawa, 30 June 2014) As published last month, NGOs have called for an end to export credit support for high carbon projects. The European Union is supposed to be phasing out all subsidies for domestic coal plants by 2018 and, as...
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2014/06/30
Country: USA
ECAs: Export-Import Bank of the United States
(ECA Watch, Ottawa, 30 June 2014) The ongoing battle waged by radical completely free market Republicans to close the U.S. Export Import Bank escalated this month, fuelled by Wall Street Journal revelations of alleged cronyism, the release of Ex-Im's...
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