(Asia News Initiative, New Delhi, 14 January 2023) India's EXIM bank and State bank of India extended export credit facilities worth USD 1,500 million to Sri Lanka for the import of essential commodities. India has extended aid worth USD 3.9 billion to help Sri Lanka sustain itself in face of...
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2023/01/30
Country: China
ECAs: Sinosure
Issue: BRIC countries
(Xinhua, Beijing, 14 January 2023) SINOSURE stepped up efforts to boost the country's foreign trade in 2022, data from the company showed on Saturday. The insurer handled underwriting totaling 899.58 billion U.S. dollars for insured businesses throughout the year, serving over 170,000 clients,...
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2023/01/30
Country: Italy, United Arab Emirates (UAE)
ECAs: SACE S.p.A.
Issue: BRIC countries, Climate Change
(Arabian Business, Abu Dhabi, 27 January 2023) The agreement envisages establishing a framework for mutual reinsurance to enhance the presence of Saudi exports in Italian markets. Saudi Export-Import Bank CEO Saad bin Abdul Aziz Alkhalb hailed the agreement as a step forward in the bank’s...
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2022/12/31
Country: South Africa
Issue: BRIC countries
(Mail & Guardian, Johannesburg, 1 December 2022) African countries’ borders are becoming more porous, allowing for greater movement of goods and services via the African Continental Free Trade Area (AfCFTA) agreement, but by its nature this comes with a lot of risk. This is where export...
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2022/11/30
Issue: BRIC countries
(Kigali Today Press, Kigali, 9 November 2022) At the 2022 Annual Meeting of the Berne Union in Rwanda, the African continent looked to recover from the effects of the Covid-19 pandemic and the Russia-Ukraine conflict. Removing barriers that affect cross-border trade and ensuring access to...
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2022/06/29
Issue: BRIC countries
(Vanguard, Lagos, 15 June 2022) The African Export-Import Bank (Afreximbank) has mobilised a whopping $35 bilion for the development of the continent in the last 4-5 years, with significant support from Nigeria and Egypt. The Central Bank of Egypt has also partnered with Afreximbank to train...
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2022/05/31
Country: Greece, Turkey, United Arab Emirates (UAE)
Issue: BRIC countries
(Gulf Today, Dubai, 15 May 2022) Massimo Falcioni, CEO of Etihad Credit Insurance (ECI), the official export support agency of the United Arab Emirates (UAE), welcomed Sheikh Mohamed Bin Zayed Al Nahyan’s election as the Crown Prince of Abu Dhabi and his role in steering the UAE economy towards...
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2022/05/30
Issue: BRIC countries, Renewables
(This Day, Lagos, 8 May 2022) Amidst the present administration’s current efforts aimed at diversifying the base of the Nigerian economy from the perils of oil, the need to provide adequate funding and attention to the non-oil export sector cannot be over-emphasised. Analysts have contended...
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2022/03/30
Country: India, Russia
Issue: BRIC countries, Human Rights
(Bloomberg Quint, New Delhi, 1 March 2022) Even before the harshest of sanctions hit, trouble had started to build for those in India doing business with Russia. On Friday evening, two days after Russia began attacking sites in Ukraine, Rakesh Shah, director at Nipha Exports in Kolkata,...
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2022/03/30
Country: South Africa
Issue: BRIC countries
(Forbes Africa, Johannesburg, 4 March 2022) The Export Credit Insurance Corporation (ECIC) provides political and commercial risk insurance cover to South African exporters of goods and services and to cross border investors. Its strategic focus is on emerging markets in Africa and outside the...
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2022/01/31
Country: Russia
Issue: BRIC countries
(Asharq Al-Awsat, London, 27 January 2022) The Arab Investment and Export Credit Guarantee Corporation (Dhaman) said it is ready to boost trade and investment cooperation between Arab states and Russia through its diverse insurance, information and research services. This came in a worksheet...
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2021/09/29
Country: Brazil, China, Italy, Japan, Netherlands
ECAs: Nippon Export and Investment Insurance, SACE S.p.A.
Issue: BRIC countries, Climate Change, Oil, Gas and Mining
(Offshore Technology, London, 16 September 2021) Dutch floating production storage and offloading (FPSO) operator SBM Offshore has completed the largest project financing in its history, of the vessel FPSO Sepetiba, for a total of $1.6bn. SBM Offshore was established in 1862 and its main...
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2021/09/29
Issue: BRIC countries
(Business Standard, New Delhi, 31 August 2021) Exim Bank of India has extended a line of credit of $100 million on behalf of the Indian government to the Africa Finance Corporation (AFC) to develop infrastructure in the continent and boost economic revival of countries in the region,...
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2021/07/29
Issue: BRIC countries
(Bloomberg, London, 15 July 2021) African nations plan to raise about $8 billion for a fund to help offset revenue losses for countries that lower cross-border tariffs, as part of a continent-wide free-trade agreement. The African Export-Import Bank, or Afreximbank, has already provided $1...
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2021/06/28
Country: China
Issue: BRIC countries, Debt
(Financial Times, London, 31 May 2021) Two ECA lines of credit offer a comparison of Chinese and non-Chinese ECA infrastructure loans in the same African country. A decade ago, when Ethiopia’s late leader Meles Zenawi was planning 5,000km of standard gauge railway, the landlocked country was...
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