(Global Trading Magazine, Dallas, 25 September 2020) At the Sept. 9 end of the two-day 2020 G12 Heads of Export Credit Agencies (ECAs) meeting, which EXIM Bank hosted virtually from its Washington, D.C. headquarters, the 12 Heads of ECAs issued its first-ever G12 joint statement. ECAs involved...
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2020/09/29
Country: Brazil, Canada, China, France, Germany, India, Italy, Japan, Korea, Russia, United Kingdom, USA
ECAs: COFACE, Euler Hermes Deutschland AG, EXIM Bank China, Export Development Canada, Export Import Bank of Korea, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A., UK Export Finance (UKEF)
Issue: Transparency
2020/07/29
Country: France, Italy, Japan, Netherlands, South Africa, United Kingdom, USA
ECAs: Atradius, Export-Import Bank of the United States, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SACE S.p.A., UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(Climate Change News, London, 10 July 2020) A decade after prospectors struck gas off Cabo Delgado, northern Mozambique, a consortium led by Total is signing contracts worth $16 billion to exploit it. One of the biggest investments in Africa, the project to extract, liquefy and export gas...
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2019/02/27
Country: Australia, Iraq, Turkey, United Kingdom, USA
ECAs: UK Export Finance (UKEF)
(Daily Sabah, Istanbul, 4 February 2019) Turkey, the top contributor for Iraq's reconstruction with a $5 billion loan, has launched a coordination process to allocate the funds pledged for rebuilding Iraq. During the Kuwait International Conference for the Reconstruction of Iraq, the host...
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2018/01/31
Country: Australia, France, Indonesia, Mexico, Russia, United Kingdom, USA
ECAs: COFACE, Export Finance & Insurance Corporation Australia, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Arms Trade
(Global Trade Review, London, 31 January 2018) The Australian export credit agency (ECA), Efic, has been armed with A$3.8bn to help companies sell military equipment overseas. Over the years, ECAs have been heavily criticised for selling arms which often help prop up tyrannical regimes and...
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2018/01/31
Country: Japan, United Kingdom, USA
ECAs: Japan Bank for International Cooperation, UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(Bloomberg, London, 9 January 2018) Saudi Arabian Oil Co. is seeking a $2 billion loan from Japan’s export-credit agency, three people with knowledge of the matter said, as competition for a role in potentially the world’s largest initial share offering heats up. A deal would make the Japanese...
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2017/10/29
Country: Japan, United Kingdom
ECAs: Nippon Export and Investment Insurance, UK Export Finance (UKEF)
(Reinsurance News, Brighton, 5 October 2017) The agreement supports a framework for reinsurance underwriting between NEXI and UKEF, and enables cooperation between the pair in relation to the export of Japanese products via a reinsurance transaction that also involves UK exporters. "When a...
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2016/03/31
Country: China, United Kingdom
ECAs: EXIM Bank China, UK Export Finance (UKEF)
(Global Trade Review, London, 23 March 2016) UK Export Finance (UKEF) and the China Export & Credit Insurance Corporation (Sinosure) have signed a mutually beneficial framework agreement aimed at increasing UK and Chinese exports... The agreement will see the two export credit agencies (...
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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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2015/07/29
Country: China, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft
(TXF News, London, 17 July 2015) The UK export credit agency and HSBC have teamed to arrange the first ever offshore renminbi (RMB) financing for an aircraft purchase – in this case the sale of a new Airbus A330-300 passenger aircraft to China Southern Airlines. The transaction represents a...
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2015/04/30
Country: China, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft
(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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2013/07/29
Country: Canada, France, Japan, United Kingdom, USA
ECAs: UK Export Finance (UKEF)
(Spacenews, Glasgow, 18 July 2013) Britain’s export-credit agency, U.K. Export Finance, is unable to match the low-interest loans for satellite projects that its U.S., French, Canadian and Japanese counterparts offer because of national regulations that forbid interference with the private...
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