(ICC, Barcelona, 7 September 2015) The International Chamber of Commerce (ICC) is launching today the “ICC Global Export Finance Committee” – an export finance working group, chaired by Eric de Jonge, Global Head of Structured Export Finance at ING Bank. The launch event of the Committee took...
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2015/09/30
Issue: Oil, Gas and Mining
(BUSINESS WIRE, London, 29 September 2015) Leading experts involved with project financing in oil and gas will meet this November 23-24 in London, at the Project Financing in Oil and Gas Conference. Project Financing in Oil and Gas has a varied amount of risk attached to a...
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2015/09/30
Issue: OECD
(OECD, Paris, 29 September 2015) A Consultation between Civil Society Organisations (CSOs) and Members of the OECD’s Working Party on Export Credits and Credit Guarantees (ECG) and the Participants to the Arrangement on Officially Supported Export Credits will take place on Tuesday, 17 November...
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2015/09/30
Country: Canada, USA
ECAs: Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Aircraft, OECD, World Trade Organization
(Globe & Mail, Toronto, 28 September 2015) General Electric Co. is planning to build a state-of the art $265-million (U.S.) engine plant in Canada, as it shifts more business out of the United States following the collapse of U.S. government-sponsored export financing. GE said Monday it...
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2015/09/30
Country: Japan
ECAs: Japan Bank for International Cooperation
Issue: Climate Change, Oil, Gas and Mining
(FOE Japan, Tokyo, 25 September 2015) At the proposed project site of the controversial 2,000-megawatt coal-fired power plant in Batang, Central Java, Indonesia, further cases of human rights violations have been reported. On September 25, the undersigned 63 organizations from 20 countries,...
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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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2015/09/30
Country: China, Japan, USA
Issue: Climate Change, Oil, Gas and Mining
(Reuters, London, 30 September 2015) China's promise to curb public funding of "highly polluting projects" has isolated Japan and increased the pressure to close a deal to phase-out coal export subsidies after months of wrangling. The Paris-based Organisation for Economic Cooperation and...
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2015/08/29
Issue: World Trade Organization
(Premium Times, Abuja, 28 August 2015) The World Trade Organization, WTO, on Wednesday pledged to collaborate with the Nigerian Export-Import Bank, NEXIM, to explore areas of synergy to help remove trade barriers and provide better access to market commodities towards regional integration and...
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2015/08/29
Country: Finland
ECAs: Finnvera
(Globe Newswire, Helsinki, 13 August 2015) Finnvera’s mandates and tasks have expanded on several occasions during last year and the current year. In the period under review, it became possible for Finnvera to guarantee the refinancing of export credits granted by banks. This arrangement...
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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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2015/08/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Fortune, 25 August 2015) In the months leading up to an expected vote to reauthorize the U.S. Export-Import bank, Boeing did what large corporations with lots of cash and deft political maneuvering skills often do so well. It spoke softly and lobbied hard, scattering a few pro-Export-Import...
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2015/08/29
Issue: Nuclear
(Jewish Voice, New York, 19 August 2015) Part 1: European politicians and business leaders, resembling the running of the bulls in Spain, are falling over themselves in a rush to secure the "first-mover" advantage in Iran's $400 billion economy. Under the nuclear deal...
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2015/08/29
Country: China
Issue: Activists demand end of massive OECD support for fossil fuels, Climate Change, Oil, Gas and Mining
(Reuters, Singapore, 5 August 2015) Chinese banks are leading a group of lenders in financing a 300 MW coal-fired power plant in Zambia that is needed to meet rising demand from miners and an electricity-starved public... The new power plant is part of an $828 million project that includes...
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2015/08/29
Country: Germany
Issue: Activists demand end of massive OECD support for fossil fuels, Climate Change, Oil, Gas and Mining
(ClimateWire, 13 August 2015) In the northern Greek city of Ptolemaida, a new 660-megawatt power plant that burns lignite, a plentiful soft brown coal, is scheduled to be built by 2020. The European Investment Bank has withdrawn funding from the project because of its high CO2 emissions and...
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2015/07/29
Issue: Arms Trade
(Armenpress, Yerevan, 1 July 2015) The Foreign Affairs Committee of the National Assembly of Armenia has examined a Russian export credit agreement signed on June 26, 2015. The agreement was introduced into the National Assembly of Armenia by Ara Nazaryan, the deputy minister of defense, who...
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