(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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2017/02/28
Issue: BRIC countries
(African Business Magazine, cc, 15 February 2017) The Pan-African trade finance provider aims to support at least $90bn in trade over the period 2017-21, including $25bn in intra-African trade. By comparison, it has approved $41bn in credit facilities in the 24 years since it was created,...
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2016/10/31
Country: India
Issue: BRIC countries
(India Infoline, Mumbai, 13 October 2016) Members of the BRICS ECAs Forum are also the members of the International Union of Export Credit and Investment Insurers, London (U.K.) also known as Berne Union. BRICS countries had a share of around 22 percentage of World Trade with total Exports of...
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2016/06/28
Country: India, USA
ECAs: Export-Import Bank of the United States
Issue: BRIC countries, Climate Change, Oil, Gas and Mining
(Business Standard, New Delhi, 17 June 2016) A US-based think tank today said the Bangladesh-India Maitree project could effectively end up in a financial mess. The coal-based power plant proposed to be built near the city of Khulna, close to the Sundarbans mangrove forest, is a joint venture...
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2016/04/30
Country: India
Issue: BRIC countries, Climate Change
(Bank Track, Nijmegen, 19 April 2016) The proposed Rampal coal-fired power plant (also known as the Maitree Super Thermal Power Project) in Bangladesh with the EPs. A...
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2016/03/31
Issue: BRIC countries
(Trade and Export Finance, London, 9 March 2016) The Export-Import Bank of India (India Exim) last month signed a $150 million line of credit with Iran's Bank of Industry and Mine (BIM) to finance rail upgrades in Iran. The deal, which will finance the supply of 150,000 tonnes of steel railway...
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2015/11/30
Country: Brazil
ECAs: Nippon Export and Investment Insurance, Oesterreichische Kontrollbank AG, SACE S.p.A., UK Export Finance (UKEF)
Issue: BRIC countries, Climate Change, Oil, Gas and Mining
(Global Trade Review, London, 18 November 2015) Brazilian national oil company Petrobras has concluded negotiations with international export credit agencies (ECAs) for a total of US$1.84bn. According to a company statement, this financing will contribute towards its fundraising efforts...
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2015/10/30
Country: Canada
ECAs: Export Development Canada
Issue: BRIC countries
(Creamer Media, Johannesburg, 29 October 2015) Canada’s official trade finance agency, Export Development Canada (EDC), has formally established permanent offices in Johannesburg, from where it aims to facilitate $10-billion-worth of business between sub-Saharan African and Canadian companies...
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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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2015/06/30
Country: India
Issue: BRIC countries
(Times of India, New Delhi, 7 June 2015) What is good for Bangladesh is good for India. The government is extending a $2 billion line of credit to its neighbour which is expected to create 50,000 jobs in India and provide a big boost to the government's Make in India drive. A line of credit is...
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2015/03/31
Country: Canada, USA
ECAs: Export Development Canada, Export-Import Bank of the United States
Issue: BRIC countries
(Financial Post, Johannesburg, 2 March 2015) Export Development Canada is providing South Africa’s national rail operator with a US$450-million loan to finance a major purchase of rail equipment from Quebec-based Bombardier. The rail operator, Transnet SOC Ltd., recently awarded a US$1.2-...
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