(USA Today, Washington, 30 June 2015 14:03 EDT) The charter for the Export-Import Bank of the United States expires at midnight Tuesday, delivering at least a short-term victory for fiscal conservatives and activists who targeted the 81-year-old institution as a free market distortion.
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(Bloomberg, Washington, 17 June 2015) General Electric Co. Chief Executive Officer Jeffrey Immelt threatened to move U.S. jobs overseas if Congress doesn’t reauthorize the Export-Import Bank’s charter, which expires at the end of June. “We’re not going to lose this business,” Immelt said...
more(Newsweek, Washington, 8 June 2015) The nearly 80-year-old federally run Ex-Im bank claims to cover its own costs—even generating a surplus—thanks to the interest it collects on loans. It claimed to support $27.4 billion in U.S. exports last year, less than 2 percent of all American exports....
more(Al-Monitor, Washington, 11 June 2015) Companies from Saudi Arabia and the United Arab Emirates together pulled in about $12 billion in trade financing over the past five years — 8.5% of the $141 billion global total — to help pay for nuclear reactors, industrial power generators and new fleets...
more(The Economic Voice, London, 18 June 2015) UK Export Finance, the UK’s export credit agency and a government department has laid its 2014-2015 annual report before...
more(The Independent, London, 18 June 2015) Britain has guaranteed more than £130m in loans for repressive governments to spend on arms in the last year, new figures show. Indonesia already owes Britain £246m from historic loans, however this year the UK government has guaranteed a further £132m of...
more(Global Trade Review, St. Petersburg, 15 June 2015) Sberbank of Russia and Italia export credit agency Sace signed a memorandum of understanding (MoU) during the St. Petersburg International Economic Forum... Despite the sanctions, Russia remains an important partner for Italy. Alessandro...
more(TFX, London, 12 June 2015) Despite the current sanctions environment, an anonymous industry poll at the recent TXF ECA Finance conference in Paris, suggested 25% of the audience had completed an ECA-backed transaction into Russia in 2015. The poll, which had close to three hundred respondents...
more(Times of India, New Delhi, 7 June 2015) What is good for Bangladesh is good for India. The government is extending a $2 billion line of credit to its neighbour which is expected to create 50,000 jobs in India and provide a big boost to the government's Make in India drive. A line of credit is...
more(Global Trade Review, Rome, 5 June 2015) Italian export credit agency Sace has guaranteed a line of credit worth US$200mn for Angolan national oil company Sonangol, GTR is able to confirm.The goal is to increase the export of goods and services between Italian companies active...
more(Military Technologies, Singapore, 1 June 2015) Satellite operators on June 1 expressed concern that the U.S. Export-Import Bank and France’s Coface, the world’s two most-active export agencies (ECAs) in funding satellite projects, might reduce their support for the industry in light of the...
moreIn two separate news items this month, KfW IPEX-Bank of Germany brags about financing the world's largest, non-polluting clipper ship along with...
moreA substantial number of articles appeared this month highlighting massive export credit support for coal projects
more(St. Louis Post-Dispatch, Brussels, 12 June 2015) Talks on phasing out a form of coal subsidies ended in stalemate as Japan, the biggest user of the aid, led calls for more time in defiance of this week's G7 pledge on fossil fuel subsidies, sources said. The Paris-based Organization for...
more(One World, Amsterdam, 4 June 2015) Evicting people from their homes is a major human rights violation according to the UN Commission on Human...
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