(Alternative Energy eMagazine, San Diego, 18 February 2015) The Export Credit Insurance Corporation of South Africa (ECIC) is actively supporting energy projects in various countries in Africa, specifically Sub-Saharan Africa, which is a key export market for the electro-technical industry in...
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2015/02/28
Country: China, Netherlands
(Global Trade Review, London, 11 February 2015) ABN Amro has signed an agreement with Sinosure which will help the Chinese export credit agency boost its funding for shipping and offshore drilling. While no specific transactions have been earmarked for partner funding, the bank’s Asia head of...
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2015/02/28
Country: China
ECAs: EXIM Bank China
Issue: Arms Trade
(Want China Times, Beijing, 15 February 2015) One of China's top military electronics companies has secured a credit worth 35 billion yuan (US$5.6 billion) for international sales activities, reports UK-based Jane's Defence Weekly. The China Electronics Technology Group Corporation (CETC) will...
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2015/02/28
(Business Korea, Seoul, 12 February 2015) The Korea Trade Insurance Corporation (K-sure) has signed an MOU for credit offering with the Central Bank of Cuba. The agreement is for the corporation to provide trade insurance of up to 60 million euros for Korean companies exporting their products...
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2015/02/28
Country: United Kingdom
ECAs: Export Finance and Insurance Corporation
Issue: Debt
(Reuters, London 4 February 2015) n">Credit guarantees are gaining traction in Islamic finance, helping a wider range of firms to tap the market for sharia-compliant debt, which remains stubbornly reliant on sovereign and quasi-sovereign issuers. ...
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2015/02/28
Country: France
ECAs: COFACE
Issue: Aircraft, Arms Trade
(Aviation Week, Paris, 17 February 2015) Nearly three decades after its first flight the Dassault-built Rafale has garnered its first export sale. The Egyptian air force is buying 24 of the multi-role fighters, including 16 two-seater and eight single-seat jets. A FREMM frigate,...
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2015/02/28
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Country: Brazil, Canada, Germany, Netherlands
ECAs: Atradius, Euler Hermes Deutschland AG, Export Development Canada
Issue: Common Approaches, Human Rights
Member: Both ENDS, Counter Current, Above Ground
(ECA Watch, Brussels, 18 February 2015) ECA Watch members Halifax Initiative, Both Ends and CounterCurrent, together with Brazilian organisation Forum Suape and Colombian organisation Movimiento Rios Vivos, published a new report entitled Export Credt and Human Rights:...
2015/02/28
Country: Italy, Netherlands, United Kingdom, USA
ECAs: Atradius, Export-Import Bank of the United States, SACE S.p.A., UK Export Finance (UKEF)
Issue: Corruption, Oil, Gas and Mining
(Morning Star, London, 20 February 2015) Recently released HSBC files reveal that the bank's Swiss branch held accounts for Jeffrey Tesler, a London lawyer...
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2015/02/28
Country: Australia
ECAs: Export-Import Bank of the United States
Issue: Oil, Gas and Mining
(Sierra Club, Washington 11 February 2015) A coalition of scientists, business owners, Australian elected officials, and civil society groups from the U.S. and Australia -- including the Sierra Club and Friends of the Earth U.S. -- sent a letter to U.S. Export-Import Bank (Ex-Im) Chairman Fred...
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2015/02/28
Issue: Climate Change, Oil, Gas and Mining, Renewables
(Reuters, Brussels, 9 February 2015) Rich nations provided nearly $15 billion over a decade from 2003 to 2013 to fund exports of coal-fired power plant and coal mining technology, data seen by Reuters shows, defying calls to end subsidies for the most polluting of the fossil fuels... The...
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2015/02/28
Issue: Aircraft
(Live Trading News, New York, 28 February 2015) Cash-rich Gulf banks are becoming bigger players in the region’s aviation boom, helping carriers like Emirates, Qatar Airways and Etihad Airways to fund their fleet expansion. Flush with huge cash deposits estimated at $1.15-T, Gulf banks have the...
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2015/02/28
Country: France
ECAs: COFACE
(Les Echos, Paris, 23 February 2015) It was a tough start to the week and an eventful year for Coface. The government said Monday that it planned to withdraw the management of public export guarantees from Coface to entrust them to the Banque publique d'investissement (Bpifrance). This is to...
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2015/02/28
Country: USA
ECAs: Export-Import Bank of the United States
(Reuters, Washington, 18 February 2015) Clients and supporters of the U.S. export credit agency will descend on Capitol Hill next week to urge lawmakers to keep the Export Import Bank open as critics ramp up efforts to shut it down. A temporary lifeline extended last year will run out on June...
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External reports and publications
2015/02/18
ECA Watch members Halifax Initiative, Both Ends and CounterCurrent, together with Brazilian organisation Forum Suape and Colombian organisation Movimiento Rios Vivos, published a new report entitled Export Credt and Human Rights: Failure to Protect. The report calls on states to...
more Dodgy Deal: Dredging Suape harbour, Lending to Belarus
ECAs: Atradius, Euler Hermes Deutschland AG, Export Development Canada
Issue: Common Approaches, Human Rights
Member: Both ENDS, Counter Current, Above Ground