(Sahara Reporters, New York, 24 July 2019) With Boris Johnson, who promised to take the United Kingdom out of the European Union without a deal if necessary now the country's prime minister, the United Kingdom Export Finance (UKEF), has increased the export credit finance agreement it signed...
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2019/07/30
Country: China, Italy
ECAs: EXIM Bank China, Sinosure
Issue: BRIC countries
(Islamic Business and Finance, Dubai, 25 July 2019) UAE ECA Etihad Credit Insurance (ECI) has signed partnership agreements with China Export and Credit Insurance Corporation (SINOSURE), Industrial and Commercial Bank of China (ICBC) and Bank of China to boost trade, investments and bilateral...
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2019/06/30
Country: China
Issue: BRIC countries, End Coal Financing
(Financial Times, London, 27 June 2019) A Kenyan court has halted construction of the country’s first coal-fired power station on environmental grounds in a blow for the $2bn project’s Chinese backers and the green credentials of China’s Belt and Road Initiative. Owned by the Kenya-based Amu...
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2019/05/30
Country: Canada, China, USA
ECAs: Export Development Canada
Issue: BRIC countries, G20
(Globe and Mail, Toronto, 14 May 2019) Canada’s overseas development finance arm is joining forces with a U.S. government agency that is being set up to act as a counterweight to China’s Belt and Road Initiative, a state-sponsored foreign-investment scheme by Beijing. The U.S. government’s...
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2018/12/30
Country: China
Issue: BRIC countries, Debt, OECD, Transparency, World Trade Organization
(TFX News, London, 10 December 2018) Often priced at well below accepted market rates, Chinese official finance is a major hurdle to fair competition in the global export market. A growing number of governments are attempting to compete by circumventing OECD rules and blurring trade with aid....
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2018/04/30
Country: China
ECAs: Sinosure
Issue: BRIC countries
(New Times, Rwanda, 29 April 2018) Preparations for the 2018 Forum on China-Africa Cooperation (FOCAC) that will take place in September in South Africa are in high gear officials have said. In the 2015 summit, China pledged a new round of funding support to Africa’s development, worth $60...
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2018/03/30
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, BRIC countries, Corruption, Transparency
http://aboveground.ngo/bombardier-gupta-accountability-edc/
(Above Ground, Ottawa, 26 March 20188) Ongoing media coverage regarding the sale of a Bombardier jet to the Gupta family in...
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2018/02/28
Country: South Africa
Issue: BRIC countries
(Business Live, Johannesburg, 20 February 2018) Showing its commitment to promoting intra-African trade and economic integration, South Africa has taken up shareholding in the African Export-Import Bank (Afreximbank), the continental multilateral trade finance institution. The South African...
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2018/02/28
Country: China
ECAs: EXIM Bank China, Sinosure
Issue: BRIC countries
(Xinhua, Beijing, 28 February 2018) With China's Belt and Road Initiative gaining more recognition globally, Western banks are rushing in for a piece of the pie in this once in a generation opportunity. British and U.S. banks, including Citigroup, HSBC and Standard Chartered have been seizing...
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2018/02/28
Country: Brazil
Issue: BRIC countries
(Macahub, Luanda, 12 February 2018) Brazil has agreed to grant a credit insurance facility to Angola under the Export Guarantee Fund and support for the equalisation of interest rates through the Brazilian Export Financing Programme (Proex) for goods and services up to US$2 billion. Brazilian...
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2018/01/31
Country: China
Issue: BRIC countries
(Xinhua, Phnom Penh, 11 January 2018) China eyes stronger ties with Myanmar, Laos, Thailand, Cambodia and Vietnam, the other five countries along the Lancang-Mekong river, pledging new loans, medical aids and scholarships to its neighbors. At the second Lancang-Mekong Cooperation (LMC) leaders...
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2018/01/31
Country: India, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: BRIC countries
(India Times, New Delhi, 11 January 2018) The UK government today announced the doubling of its national credit support for UK businesses exporting to India, during the visit of Commerce and Industry Minister Suresh Prabhu. As part of the deliberations, UK trade minister Liam Fox announced that...
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2017/08/30
Country: Iran, Italy, Sweden, USA
ECAs: Export-Import Bank of the United States, SACE S.p.A.
Issue: Aircraft, BRIC countries, Nuclear
(Financial Tribune, Tehran, 14 August 2017) Trade with Italy is being restored slower than expected following the removal of international sanctions against Iran over its nuclear program, reads an opinion piece written by Iranian co-chair of Iran-Italy Chamber of Commerce in the news portal of...
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2017/08/30
Issue: BRIC countries
(African Business Magazine, London, 4 August 2017) Nigeria's Dangote Industries conglomerate has announced massive plans to expand into oil refining as well as large-scale agro processing with financing from local banks and the Central Bank of Nigeria providing working capital finance and own...
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2017/05/30
ECAs: SACE S.p.A., UK Export Finance (UKEF)
Issue: BRIC countries
(The Star, Nairobi, 8 May 017) Kenya's shareholding in African Trade Insurance Agency has been marginally diluted following entry of four new investors, the largely political risk and investment guarantee firm has said. Chief executive George Otieno said Kenya's stake has dropped to about 12...
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