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2010/01/01
(ECA Watch, Brussels, 12 January 2010) ECA Watch members and Amnesty International have submitted an outline of 14 issues that they wish to see covered in the 2010 review of the 2007 Revised OECD Council Recommendation on Common Approaches on the Environment and Officially Supported Export Credits.
2009/12/12
At the end of 2009, the Spanish parliament will vote on reforming the main public mechanisms that generate external debt owed by Southern countries to the Spanish state. The mechanisms that will be affected by the reform are the Development Aid Fund (FAD) and the Spanish Company of Credit Insurance... more
2009/12/11
(International Rivers Network, Berkeley, 2 December 2009) The Ilisu Dam on the Tigris is a primary example of a dam that violates international social and environmental standards. Western financiers pulled out of the project in summer, but China is now considering filling the gap. Such support... more
2009/12/10
(OECD ECG, Paris, 22 December 2009) The OECD Members of the Working Party on Export Credits and Credit Guarantees (ECG) submit their cash flow results for officially supported export credits to the OECD Secretariat on an annual basis. Tables I, II, III, IV and V represent the results for 2008 and... more
2009/12/09
(China Knowledge, Shanghai, 23 December 2009) - China's short-term export credit doubled year on year to US$86.23 billion in the period from Jan.1 to Dec. 14, according to China Export and Credit Insurance Corp. Export credit insurance amounted to US$110.03 billion, with indemnity of US$440 million... more
2009/12/08
(Vanguard Media, Lagos, 14 December 2009) Debtors to the Nigeria Export-Import Bank (NEXIM) have taken flight to safety following indications that the management of the bank would engage the help of the Economic and Financial Crimes Commission (EFCC) to recover the over Naira 10 billion non-... more
2009/12/07
(Wall Street Journal, New York, 10 December 2009) Airlines are struggling amid the global recession. Boeing Co., meanwhile, is churning out jetliners at its fastest clip in years...due in large part to one man: Bob Morin, vice president of transportation at the U.S. Export-Import Bank who stumps... more
2009/12/06
(Trend, Vienna, 11 December 2009) The EBRD, European Investment Bank, IFC and other financial institutions can provide €1 to €1.5 billion for financing the Nabucco pipeline project designed to deliver gas from the Caspian region and the Middle East to the EU, said member of the EBRD Board of... more
2009/12/05
(Radio Netherlands, Amsterdam, 14 December, 2009) Dutch companies wanting to invest in Dubai will no longer be able to insure their investments with the Dutch government. Minister of Finance Wouter Bos no longer wants to stand as guarantor for financial losses if Dubai does not pay its bills. Dubai... more
2009/12/04
(Financial Times, London, 9 December 2009) BTA, Kazakhstan's biggest bank, has agreed a deal with creditors who will write off $7.7bn in debt and interest owed as part of a wave of restructuring in the country's banking system...... more
2009/12/03
(Independent Catholic News, London, 17 December 2009) A report, published yesterday by the Parliamentary Joint Committee on Human Rights: “Any of our business? Human rights and the UK private... more
2009/12/02
(Reuters, Bloomberg, Financial Times, Pacific Environment, 5 December 2009) The U.S. Ex-Im Bank has approved the largest financing transaction in its 75-year history - $3 billion to support U.S. exports for a liquefied natural gas (LNG) project in Papua New Guinea. Financing for the construction of... more
2009/12/01
(Pacific Environment, San Francisco, 22 December 2009) As climate negotiations in Copenhagen ended with a whimper, new U.S. legislation passed last week that requires the U.S. Overseas Private Investment Corporation (OPIC) to phase down greenhouse gas emissions from financed projects by 30 percent... more
2009/11/11
Construction work has restarted on the controversial Ilisu Dam in Turkey, despite the project lacking the appropriate permits. Work on the project had been stopped following the withdrawal of financial support by the export credit agencies (ECAs) of Switzerland, Austria and Germany earlier this... more
2009/11/10
(China Dialogue, San Francisco, 19 November 2009) The world’s largest hydropower project will soon reach its final dimensions. Peter Bosshard draws a number of conclusions from the experience of the Three Gorges. The hydropower project on the Yangtze River substitutes the burning of at least 30... more