In May 2014, more than 50 NGO have endorsed common recommendations provided by the briefing 'Ending Fossil Fuel Support: the way forward' (to be downloaded on the bottom of this page). This briefing was developed by ECA Watch members in close collaboration with other international and regional...
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Letters & statements
2014/05/21
Issue: Climate Change, Common Approaches, OECD, Oil, Gas and Mining
Member: Les Amis de la Terre,
2014/04/30
Issue: World Trade Organization
(Prague Daily Monitor, Prague, 28 April 2014) Czech Export Guarantee and Insurance Company (EGAP) received a subsidy of Kc1bn (US$50.5 million) a year from the Finance Ministry in 2011 and 2012 despite having enough own funds, according to findings by the Supreme Audit Office (NKU)... "At that...
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2014/04/30
Country: Canada, Italy, Japan, Spain, Turkey, USA
ECAs: Compañía Española de Seguros de Crédito a la Exportación, Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining
(Bloomberg, Istanbul, 22 April 2014) Azerbaijan’s state oil company, Socar, is in the final stages of negotiations for a $3.5 billion loan to help build a refinery in Turkey, said Kenan Yavuz, chief executive for the company’s Turkish unit... Most of the $3.5 billion package, arranged by the...
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2014/04/30
Country: USA
Issue: Aircraft
(Wall Street Journal, London, 30 April 2014) U.S. sanctions on Russia in response to the country's threats and incursions against Ukraine have created uncertainty over aerospace transactions, from plane purchases to satellite launches... "I see the market now as frozen for lease and financing...
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2014/04/30
(The Jet, Lautoka, 30 April 2014) The Fiji Development Bank has reviewed the Export Credit Facility (ECF), an initiative geared towards assisting export oriented businesses that fall under government’s priority sectors for economic development. FDB acting chief executive officer Nafitalai...
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2014/04/30
Country: USA
ECAs: Export-Import Bank of the United States
(Financial Times, Washington, 20 April 2014) The Export-Import Bank of the United States, which provides finance for foreign purchases of US products, faces a fresh battle to survive... That threatens some of its biggest beneficiaries in corporate America, from Boeing to Caterpillar and General...
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2014/04/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
(Guardian, London, 8 April 2014) Banks will have access to a Bank of England facility to make it less risky for them to finance exports under a new scheme to boost Britain's trade announced by George Osborne on April 7. Speaking in Brazil, the chancellor said billions of pounds of extra loans...
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2014/04/29
Country: Japan
ECAs: Export-Import Bank of the United States, Japan Bank for International Cooperation
Issue: Oil, Gas and Mining
(Oil Change International, Washington, 22 April 2014) Japanese ECA, the Japan Bank for International Cooperation (JBIC) is the world’s...
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2014/04/02
If this was a real item, there would be something to put here...
2014/03/30
(The National, Abu Dhabi, 19 March 2014) Dubai is studying plans to establish the world’s first fully Sharia-compliant export credit agency in a bid to double trade flows over the next five years.
2014/03/30
Country: USA
ECAs: Export-Import Bank of the United States
(USNewswire, Washington, 18 March 2014) The Export-Import Bank of the United States (Ex-Im Bank) today announced its cross-marketing partnership with thousands of credit and finance professionals who are represented by the Finance, Credit and International...
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2014/03/30
Country: India
Issue: BRIC countries
(TwoCircles, New Delhi, 9 March 2014) A new Exim Bank Line of Credit for Africa has been introduced to speed up infrastructure project development in the continent, Commerce Minister Anand Sharma said here Sunday. "We've also introduced another Line of Credit, added to the Exim-Bank. The...
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2014/03/30
Country: Canada, Turkey
ECAs: Export Development Canada
(Marketwired, Ottawa, 26 March 2014) - Export Development Canada (EDC) today announced that it has provided a USD 10 M line of credit to Turkish leasing company Ak Finansal Kiralama (AkLease), which will be used to provide financing to Turkish companies leasing equipment from Canadian...
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2014/03/30
Issue: BRIC countries
(Space News, Washington, 11 March 2014) Commercial launch services provider International Launch Services (ILS) expects to conduct 4 or 5 commercial campaigns this year, compared with 7 in 2013, as demand for Russian government launches, not handled by ILS, consumes most of the rocket’s 10-...
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2014/03/30
Issue: Aircraft
(Centre for Aviation, Sydney, 20 March 2014) Boeing stated it expects the market for financing new aircraft to remain strong as airline customers continue to demand for new, fuel-efficient airplanes. Boeing Capital Corp VP/general manager for aircraft financial services Tim Myers said the...
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