(Specialist Banking, London, 29 October 2017) UK Export Finance (UKEF) – the UK’s export credit agency – has launched a new partnership with five major high street banks, Barclays, HSBC, Lloyds, RBS/NatWest & Santander, enabling smaller businesses to access millions of pounds in government...
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2017/10/29
Issue: Human Rights, Transparency
(Lexology, London, 24 October 2017) An intergovernmental working group mandated to draft a new international legal instrument to regulate the activities of transnational corporations in relation to human rights is holding its third meeting in Geneva this week. Negotiations for a business and...
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2017/08/30
Country: United Kingdom
ECAs: Export Finance and Insurance Corporation
Issue: OECD, Transparency
(Manufacturing & Engineeing Magazine, London, 3 August 2017) UK Export Finance, or UKEF, the Government and UK export credit agency has released a report for their...
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2017/08/30
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, Corruption, Transparency
(Globe & Mail, Johannesburg, 3 August 2017) The Canadian government's export agency gave $41-million (U.S.) in financing to help Bombardier Inc. sell a luxury jet to the controversial tycoons at the heart of a South African scandal over alleged high-level corruption, leaked e-mails show....
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2017/07/30
Country: Canada
ECAs: Export Development Canada
Issue: Human Rights, Transparency
Member: Above Ground
(Globe and Mail, Toronto, 21 September 2016) In 2015 Netsweeper Inc. of Waterloo Ontario, with support from Export Development Canada, sold Internet filtering technology to the government of Bahrain — a country criticized internationally for widespread suppression of human rights defenders...
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2017/03/31
Issue: European Union, Transparency
(European Comission, Brussels, 2 February 2017) The European Commission in February 2017 published its "annual" report on the activities of 21 member state's official Export Credit Agencies for the year 2014. ECA Watch notes that, in addition to the two year delay in its issue, the report...
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2017/01/30
Country: Australia
ECAs: Export Finance and Insurance Corporation
Issue: Common Approaches, Transparency
Member: Jubilee Australia
(Jubilee Australia, Sydney, 17 January 2017) Jubilee Australia has demanded that no expansion of Efic's mandate be allowed unless the institution improves its transparency and due diligence. Jubilee's concerns, summed up in an article in the...
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2016/12/30
Issue: OECD, Transparency
(OECD, Paris, 10 October 2016) The OECD ECG has produced a broad stroke two year old sectoral overview of OECD member ECAs activities which is not linked on its "latest documents" page, but can be found...
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2016/11/30
Country: Brazil, Netherlands
ECAs: Atradius
Issue: Human Rights, OECD, Transparency
Member: Both ENDS
(ECA Watch, 30 November 2016, Ottawa) In a report dated November 30th 2016 the Dutch...
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2016/10/31
Issue: Transparency
(EuroActiv, Brussels, 7 October 2016) International finance institutions and member state export credit agencies continue to invest in projects outside the EU involving cruel farm animal confinement systems banned in the EU. Better joined-up thinking is needed with regard to investment policy...
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2016/09/29
Country: Australia
ECAs: Export Finance and Insurance Corporation
Issue: Climate Change, Common Approaches, OECD, Renewables, Transparency
(Jubilee Australia, Sydney, 9 September 2016) The Jubilee Australia Research Centre and Oxfam Australia have submitted comments on Efic Policies and Procedures for environmental and social review of transactions prior to a 2016 government review. They note that, although Efic’s approach to...
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2016/08/29
Issue: Transparency
(Brave New Coin, Southbank AU, 15 August 2016) Bank of America Merrill Lynch (BofAML), HSBC, and the Infocomm Development Authority of Singapore (iDA) recently announced that they have jointly developed “a prototype solution built on Blockchain technology that could change the way businesses...
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2016/03/31
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Transparency
(Global Trade Review, London, 31 March 2016) UK Export Finance has adopted the Equator Principles, a global framework aiming to promote sustainable project financing. Introduced in 2003 and already adopted by 80 financial institutions, the Equator Principles are a risk management framework to...
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2016/01/27
Issue: Corruption, OECD, Transparency
(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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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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