The impact of the world financial crisis on export credits

A. Export credits and the financial crisis - Statement by the OECD Working Party on Export Credits and Credit Guarantees
  A. Export credits and the financial crisis - Statement by the OECD Working Party on Export Credits and Credit Guarantees
(OECD, Paris, 24 November 2008) OECD member governments confirmed their commitment to continue to be reliable partners to exporters and financing banks. This action will, inter alia, contribute to the fulfilment of one of the undertakings identified in point 7 of the declaration by leaders of the G20 countries at their summit in Washington on 15 November 2008.
  B. ECAs scramble to respond to the financial crisis and to protect national exporters
(ECA Watch, Ottawa, 29 November 2008) As the international financial crisis deepens, governments are moving to expand official export credit agency support for national corporations' export sales.
  C. WTO's Lamy warns of credit shrinkage damages to sustained growth
(WTO, Geneva, 12 November 2008) WTO Director-General Pascal Lamy notes that experts have “confirmed that the market for trade finance has severely deteriorated” and urged government action to close the liquidity gap in trade finance, including expansion of the scope for co-financing trade between the banks and public sector institutions such as the IFIs and the ECAs.
  D. Planemakers, largest ECA clients, stuck with unsold planes
(Bloomberg, Singapore, 6 November 2008) -- Airbus and Boeing may end up with as many as 200 new planes without buyers next year because airlines are unable to obtain funds to pay for them amid a global credit squeeze, according to industry consultant Ascend Ltd.