(Corporate Jet Investor, London, 21 November 2019) A judge in the UK courts has ruled that the sale of Global 6000 ZS-OAK can now go ahead, after Export Development Canada (EDC) settled its litigation with Westdawn Investments. Westdawn Investments is a South African company that is owned by...
morePublications Index
Current search
Search through the extensive collection of publications and news items on the ECA-Watch website. You can refine your search by selecting from the categories on the left.
Search found 16 items
- [all items]
- (-) Remove 2019 filter 2019
- (-) Remove Corruption filter Corruption
2019/11/29
Country: Canada, South Africa, United Kingdom
ECAs: Export Development Canada
Issue: Aircraft, Corruption
2019/11/29
Country: Netherlands
ECAs: Atradius
Issue: Corruption, Transparency
(Bahamas Tribune, Nassau, 12 November 2019) The Dutch company that supplied nine Royal Bahamas Defence Force vessels, Damen Shipyard Group, misrepresented to the Dutch government how much it paid a foreign intermediary that worked on the project. The World Bank disbarred Damen for 18 months in...
more
2019/10/30
Country: Indonesia, Korea
ECAs: Export Import Bank of Korea
Issue: Climate Change, Corruption, End Coal Financing, Human Rights, Oil, Gas and Mining
(Korea Herald, Seoul, 7 October 2019) While South Korea has vowed to phase out fossil fuels and turn to clean energy to combat climate change and air pollution, it is supporting coal-fired power plants elsewhere - like in Indonesia. The government is virtually contributing to environmental...
more
2019/09/28
Country: Netherlands, United Kingdom
ECAs: Atradius, UK Export Finance (UKEF)
Issue: Corruption
(The Independent, London, 27 September 2019) An oil company run by Ayman Asfari, the chief executive of Petrofac, a major Tory donor who met with Boris Johnson, has had a billion pound deal underwritten by UK Export Finance (UKEF) despite it being investigated by the Serious Fraud Office....
more
2019/08/30
Country: South Africa, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Arms Trade, Corruption
(The Citizen, Johannesburg, 22 August 2019) The North Gauteng High Court in Pretoria has set aside the findings of the Seriti commission on Wednesday, delivering a scathing judgment that it had failed in fulfilling its mandate. The High Court judgment on the findings of the commission lamented...
more
2019/08/30
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Corruption, Human Rights, Transparency
Member: Above Ground
(Above Ground, Ottawa 29 August 2019) For decades, Export Development Canada (EDC) has been subject to minimal public scrutiny, with media and Parliament rarely asking questions about the social and environmental costs of the business it supports. But recently, with some of the agency’s highest...
more
2019/08/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Corruption, Oil, Gas and Mining
Member: Friends of the Earth USA
(AllAfrica, Maputo, 25 August 2019) The Board of Directors of the Export-Import Bank of the United States (EXIM US) has voted to notify the US Congress of its consideration of a five billion dollar loan to support the export of US goods and services for the development of the liquefied natural...
more
2019/07/30
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: Corruption, Debt
(Asia Times, Hong Kong, 23 July 2019) China's US$1 trillion Belt and Road Initiative, along with other foreign funding, has become a magical mystery tour, baffling the World Bank and the International Monetary Fund. Or, according to critics, a diplomatic car crash waiting to happen. “Compared...
more
2019/07/29
Country: Canada
ECAs: Export Development Canada
Issue: Corruption
(iPolitics, Ottawa 25 July 2019) Canada’s export credit agency says a third-party investigation has cleared the organization of any wrongdoing in providing a political risk insurance policy to SNC-Lavalin in 2011 for a dam project in Angola. EDC said Thursday a review by international law firm...
more
2019/07/29
Country: Canada
ECAs: Export Development Canada
Issue: Corruption, Transparency
Member: Above Ground
(Globe and Mail, Toronto, 2 July 2019) A federal review of Export Development Canada has exposed serious shortcomings at the Crown corporation, noting its disclosure practices fall far short of other financial institutions, and that the agency is not legally obligated to consider the...
more
2019/06/30
Country: Brazil, Canada, Mexico, South Africa
ECAs: Export Development Canada
Issue: Corruption
(Globe and Mail, Toronto, 4 June 2019) Export Development Canada once described itself as the country’s ‘secret trade weapon.’ But The Globe’s review of thousands of transactions reveals a pattern of secrecy and lax supervision. In Latin America, billions of dollars in Canadian government-...
more
2019/05/30
Country: Canada, Mexico
ECAs: Export Development Canada
Issue: Corruption
(Yorkton This Week, Yorkton SK, 15 May 2019) Export Development Canada (EDC), Canada's export credit agency, was created in 1944 to promote Canadian business overseas. It has 12 offices across Canada and 19 regional offices around the world. According to CBC reports SNC Lavelin have borrowed...
more
2019/04/29
Country: Canada, Switzerland
ECAs: Export Development Canada
Issue: Corruption
(CBC, Toronto, 3 April 2019) Export Development Canada has hired outside legal counsel to review some of its dealings with SNC-Lavalin. The review comes after a company insider told CBC News the engineering giant secured billions in loans from the Crown agency over the years, some of which he...
more
2019/03/30
Issue: Corruption, OECD
(OECD, Paris, 27 March 2019) With the adoption of the revised Recommendation of the Council on Bribery and Officially Supported Export Credits (OECD/...
more
2019/03/30
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, Corruption
(Globe & Mail, Toronto, 26 March 2019) Senior federal officials sought to warn Canada’s export agency that it had suffered “significant” risk to its reputation because of its US$41-million loan to the controversial Gupta brothers who were at the heart of a South African corruption scandal,...
more