(Trade and Export Finance, Moscow, 14 May 2015) Russian state corporation Vnesheconombank (VEB) has increased business with Chinese institutions by signing a $8 billion framework credit agreement with China Development Bank (CDB) and a credit line agreement with Chinese export credit agency the...
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(Belarussian News, Minsk, 11 May 2015) Belarus and China's Eximbank have signed loan agreements to the tune of over $1 billion, Prime Minister Andrei Kobyakov said as he met with President of the Export-Import Bank of China Hu Xiaolian on 11 May. According to Andrei Kobyakov, China's Eximbank...
more(Washington Examiner, Washington, 14 May 2015) Kevin Varney, chief of staff at the Export-Import Bank for Obama's first term, joined Boeing as a director this month, according to his LinkedIn page. Boeing is by far the largest recipient of Export-Import Bank subsidies — typically benefitting...
more(TXFNews, Washington, 30 April 2015) The US’ House of Democrats today set in motion a process to bypass the House Republican leadership that would force a vote on legislation to the extend the charter of the country’s export credit agency, the Export-Import Bank of the United States. The move...
more(Global Trade Review, Hamburg, 15 May 2015) European corporates speaking at GTR‘s Europe Trade and Export Finance Conference in Hamburg are moving away from ECA cover only and resorting to private insurance more and more, due to the growing complexity of deal structures. GTR catches up with...
more(Forbes, Washington, 15 June 2015) [Comment/blog from Adam Andrzejewski of American Transparency, Burr Ridge IL] Between now and the end of June, Congress will decide the fate of the federal agency, Export – Import Bank (Ex-Im) of the United States, either by doing nothing and letting the bank...
more(Thomson Reuters ZAWYA, Jeddah, 15 April 2015) The Managing Director of Atradius Dutch State Business paid a business visit to the Islamic Corporation for the Insurance of Investment and Export Credit ( ICIEC ) in Jeddah, Saudi Arabia on April 13, 2015. During the visit, the two institutions...
more(GAO, Washington, 15 April 2015) In six reports on the U.S. Export-Import Bank issued since March 2013, GAO presented findings and made 16 recommendations to improve Ex-Im's operations, summarized in this testimony in three broad areas: (1) risk management, (2) underwriting and fraud prevention...
more(US Justice Dept., Washington, 22 April 2015) A former loan officer at the Export-Import Bank of the United States (Ex-Im Bank) pleaded guilty in federal court today for accepting more than $78,000 in bribes in return for recommending the approval of unqualified loan applications to the bank,...
more(The Hill, Washington, 15 April 2015) During congressional hearings, Republicans criticized Treasury Department officials for not negotiating with foreign governments to end subsidized export credit programs, as was mandated in the 2012 reauthorization bill. The Secretary of the Treasury had...
more(Capital.gr, Moscow, 13 April 2015) Russian energy firm OAO Novatek (NVTK.MZ) may secure $5 billion from export credit agencies for its $27-billion natural-gas project in the Russian Arctic by mid-year, according to the company's chief executive, Interfax news agency reported Monday. Financing...
more(TxfNews, Rome, 27 April 2015) Italian export credit agency SACE is set to expand activity with Cuba and has raised the ceiling for the support of Italian exports and investments in the country. As one of the first export credit agencies to announce such an initiative, SACE has approved a...
more(ECNS.CN, Beijing, 4 April 2015) China is to pilot the removal of preconditioned government approval for offshore corporate bonds, part of a national arrangement to lower the financing cost of enterprises expanding overseas. The move, along with the government's efforts to speed up the growth...
more(Hurriyet Daily News, Washington, 7 April 2015) The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has announced that it will help Turkish Eximbank provide medium- and long-term funds to Turkish exporters. “MIGA...
more(TxfNews, Beijing, 2 April 2015) Airbus China Aircraft Leasing lands its first ECA-backed financing Chinese aircraft lessor China Aircraft Leasing Group (CALC) has completed its first aircraft financing backed by an export credit agency (ECA) guarantee – a $224 million facility guaranteed by UK...
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