(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...
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2019/11/28
Country: Netherlands
ECAs: Atradius
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Both ENDS
(Both Ends, Amsterdam, 17 November 2019) This report shows that the Dutch Export Credit Agency ADSB insured fossil fuel-related projects with a total insured value of € 10.8 billion in the period 2012-2018. This is more than 60% of its total insured value for that period and € 1.5 billion a...
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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....
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2019/01/30
ECAs: Atradius, EXIM Bank China, Export Import Bank of Korea, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining
(Macauhub, Macau, 11 January 2019) The government of Mozambique has been involved in the last few weeks in intense negotiations with seven countries to secure funding for one of its largest natural gas projects and overcome scepticism about whether it will honour its debt commitments. The...
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