(Both ENDS, Amsterdam, 17 December 2015) On 8 June 2015 Both ENDS – in conjunction with and on behalf of Associação Fórum Suape Espaço Socioambiental, Conectas Direitos Humanos and Colônia de Pescadores do Município do Cabo de Santo Agostinho – notified the Dutch National Contact Point of a...
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2015/12/31
Country: Brazil, Netherlands
ECAs: Atradius
Issue: Common Approaches, OECD, Transparency
Member: Both ENDS
2015/12/31
Country: Italy
ECAs: SACE S.p.A.
(Tehran Times, Tehran, 1 December 2015) Iran and Italy have agreed to open a $5-billion credit line, in a bid to pave the way for optimal banking and economic ties between the two countries once sanctions against the Islamic Republic are lifted. The credit line is projected to take effect one...
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2015/12/31
Country: Italy
ECAs: SACE S.p.A.
(Ansamed, Rome, 11 December 2015) The Italian export credit agency SACE has announced five billion euros in operations being assessed to support Italian export and firms in Egypt, one of the most strategic markets for the country in the Mediterranean. SACE has in Egypt a portfolio of insured...
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2015/12/31
Country: Russia
Issue: Oil, Gas and Mining
(Your Oil & Gas News, Aberdeen, 22 December 2015) Sovcomflot Group and Sberbank CIB have signed a 14-year $340 million credit facility agreement to finance the construction of three Arctic shuttle tankers for the Novy Port project (project operator: Gazprom Neft). Commenting on the...
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2015/12/31
Country: Netherlands
(Both ENDS, Amsterdam, December 2015) In November 2013, Both ENDS published a study on Atradius DSB’s support for complex export transactions that were structured via tax havens, and thus its potential underwriting of aggressive tax avoidance positions that corrode the tax sovereignty of...
more Dodgy Deal: Dredging Suape harbour
ECAs: Atradius
Issue: Corruption
Member: Both ENDS
2015/12/31
Country: Russia
(Sputnik News, Tehran, 23 December 2015) Russia plans to provide Iran with $2.2 billion in state export credit in 2016 as part of a $5 billion loan plan, Russia's First Deputy Prime Minister Igor Shuvalov said Thursday.
2015/11/30
Country: France
ECAs: COFACE
(Global Trade Review, Paris 24 November 2015) France’s Banque Publique d’Investissement (Bpifrance) has issued its first export credit facility to bread equipment manufacturer Mecatherm, for the export of two bread production lines to Mozambique. Created in 2013, Bpifrance offers capital and...
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2015/10/30
Country: Italy
ECAs: SACE S.p.A.
Issue: Human Rights
(Tass, Verona, 22 October 2015) The Italian export credit agency SACE has suffered losses up to €3 billion due to sanctions against Russia, head of the agency Giovanni Castallaneta said. "We have already suffered damage for 2014-2015 for the sum of €2.5-3 billion," Castellaneta told the...
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2015/10/30
Country: Italy
ECAs: SACE S.p.A.
(ANSAmed, Rome, 20 October 2015) New export opportunities in the United Arab Emirates for Italian companies after the agreements signed by SACE with the Dubai Aviation City Corporation (DACC) and Abu Dhabi Ports, on the occasion of the Emirati National Day at the EXPO. The accord with DACC,...
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2015/10/30
Country: Germany, USA
ECAs: Euler Hermes Deutschland AG, Export-Import Bank of the United States
Issue: Oil, Gas and Mining
(New York Times, New York, 10 October 2015) In 2013 the people who dreamed up Big River Steel in Arkansas wanted government aid that would help make the project successful — the kind of aid that groups like Heritage Action and Americans for Prosperity, both generously supported by the right-...
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2015/10/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Oil, Gas and Mining
(Management Today, London, 30 September 2015) Evraz, the steel and mining giant that is 30.8% owned by the Russian oligarch and Chelsea FC owner Roman Abramovich, is due to receive a £45m loan from Britain's export credit agency. The loan is part of the UK Export Finance 'direct lending' scheme...
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2015/09/30
Country: Netherlands
ECAs: Atradius
Issue: European Union, OECD
(PortNews, Moscow, 21 Septeember 2015) The Dutch export credit agency is ready to finance shipbuilding projects in Russia, Jan Fijnekam, Customer Finance Manager at Damen Shipyards, said today, September 21, at the International Conference “Advanced port fleet - the basis of safety” organized...
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2015/09/30
Country: Canada, China, Japan, United Kingdom, USA
ECAs: EXIM Bank China, Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: BRIC countries
(Global Capital, London, September 2015) The stated aim of the China-backed Asian Infrastructure Investment Bank (AIIB), officially launched in June 2015, is to respond to a need for massive spending across Asia. But its creation has caused political controversy, with supporters arguing it...
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2015/09/30
Country: France
ECAs: COFACE
Issue: Climate Change, Oil, Gas and Mining
(FOE France, Paris, 30 September 2015) Today's publication of new criteria for coal-fired power plant financing by French bank Crédit Agricole suggests that the bank will be unable to finance the controversial €800 million Plomin C coal power plant in Croatia, campaign groups beleive. The...
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2015/08/29
Country: Italy
Issue: OECD
(TXF News, 20 August 2015) In a development that might raise a few eyebrows in the export finance world, Italian export credit agency (ECA) SACE has topped the ECA export finance table* in the first half of the year – according to TXF’s H1 Export Finance Report. Knocking the previously-...
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