(TFX News, London, 11 January 2016) Localisation requirements in emerging-markets projects are meant to be a way of giving back; an attempt at ensuring a lasting beneficial legacy for the local population of the respective country. But is this ostensibly benign endeavour offering a perfect...
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2016/01/27
Issue: Climate Change, Large Dams, OECD, Renewables
(International Rivers, Berkeley, 3 December 2015) At the Paris COP, 500 NGOs from 85 countries published a manifesto on 10 Reasons Why Climate Initiatives Should Not Include Large Hydropower Projects. The manifesto explicitly refers to the inclusion of large hydro projects in the special terms...
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2015/12/31
Country: Brazil, Netherlands
ECAs: Atradius
Issue: Common Approaches, OECD, Transparency
Member: Both ENDS
(Both ENDS, Amsterdam, 17 December 2015) On 8 June 2015 Both ENDS – in conjunction with and on behalf of Associação Fórum Suape Espaço Socioambiental, Conectas Direitos Humanos and Colônia de Pescadores do Município do Cabo de Santo Agostinho – notified the Dutch National Contact Point of a...
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2015/12/31
Country: India
Issue: OECD
(India Times, New Delhi, 27 December 2015) The government has asked the Reserve Bank of India to reconsider its external commercial borrowing (ECB) norms to allow foreign currency debt to infrastructure sector for medium term also. Sources said Transport and Highways Secretary Chhibber has...
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2015/11/30
Issue: Activists demand end of massive OECD support for fossil fuels, Climate Change, OECD
(Friends of the Earth, Paris, 18 November 2015) After nearly two years of discussions, the Organisation of Economic Cooperation and Development member countries have finally reached an agreement on reducing their support to some coal plants through their export credit agencies...
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2015/11/18
Issue: Climate Change, OECD
Posted Nov. 18, 2015
PARIS, FRANCE – After nearly two years of discussions, the Organisation of Economic Cooperation and Development member countries have finally reached an agreement on reducing their support to some coal plants through their export credit agencies. The...
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2015/09/30
Country: Netherlands
ECAs: Atradius
Issue: European Union, OECD
(PortNews, Moscow, 21 Septeember 2015) The Dutch export credit agency is ready to finance shipbuilding projects in Russia, Jan Fijnekam, Customer Finance Manager at Damen Shipyards, said today, September 21, at the International Conference “Advanced port fleet - the basis of safety” organized...
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2015/09/30
Issue: OECD
(OECD, Paris, 29 September 2015) A Consultation between Civil Society Organisations (CSOs) and Members of the OECD’s Working Party on Export Credits and Credit Guarantees (ECG) and the Participants to the Arrangement on Officially Supported Export Credits will take place on Tuesday, 17 November...
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2015/09/30
Country: Canada, USA
ECAs: Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Aircraft, OECD, World Trade Organization
(Globe & Mail, Toronto, 28 September 2015) General Electric Co. is planning to build a state-of the art $265-million (U.S.) engine plant in Canada, as it shifts more business out of the United States following the collapse of U.S. government-sponsored export financing. GE said Monday it...
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2015/08/29
Country: Italy
Issue: OECD
(TXF News, 20 August 2015) In a development that might raise a few eyebrows in the export finance world, Italian export credit agency (ECA) SACE has topped the ECA export finance table* in the first half of the year – according to TXF’s H1 Export Finance Report. Knocking the previously-...
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2015/06/30
Country: Brazil, Netherlands
(Both Ends, Amsterdam, 5 June 2015) At the beginning of June an OECD Guidelines complaint was filed with the NCPs of Brazil and the Netherlands against the Dutch dredging company Van Oord and the Dutch ECA Atradius Dutch State Business on the adverse social and environmental impacts caused by...
more Dodgy Deal: Dredging Suape harbour
ECAs: Atradius
Issue: OECD
Member: Both ENDS
2015/04/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft, OECD, World Trade Organization
(The Hill, Washington, 15 April 2015) During congressional hearings, Republicans criticized Treasury Department officials for not negotiating with foreign governments to end subsidized export credit programs, as was mandated in the 2012 reauthorization bill. The Secretary of the Treasury had...
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2015/01/30
Issue: Climate Change, European Union, OECD, Oil, Gas and Mining
(European Parliament, Brussels, 30 January 2015) Twelve members of the European Parliament from 5 of the 7 political groupings in the Parliament have written EU Commissioner for Trade Cecilia Malmström to express their "deep concerns about a non-paper for an EU position for the OECD...
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Letters & statements
2014/11/19
Issue: Climate Change, Common Approaches, OECD, Oil, Gas and Mining
18 November 2014
This week in Paris, a secretive body within the OECD will discuss the potential revision of the “gentlemen’s agreement” (1) under which they provide billions of dollars of public financing into the fossil fuel sector through their member export credit agencies.
This...
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2014/10/24
Country: United Kingdom
ECAs: Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: OECD, World Trade Organization
(Fibre2Fashion News, Ahmedabad, 2 October 2014) The United States and Brazil have agreed to settle their long-standing cotton dispute over U.S. agricultural export subsidies under the US Farm Bill and the USDA GSM-102 programme. As per the agreement, Brazil will relinquish all rights to...
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