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2005/12/01
(Pacific Environment, San Francisco, 19 December 2005) In a stunning reversal of institutional integrity, the European Bank for Reconstruction (EBRD) declared the scandal-ridden Sakhalin II oil and gas project Environmental Impact Assessment (EIA) “fit for purpose.” This decision comes despite 3... more
2005/11/11
(Eurodad, Brussels, 16 November 2005) French NGO, Coordination Sud, has published a new report on French Official Development Aid (ODA) and the politics of development cooperation, in which it notes that a significant part of the cancelled debt was in fact export credit debt – generated by the... more
2005/11/10
(Business Week, Manila, 8 November 2005) Philippine Airlines said Tuesday it will purchase nine new Airbus 320 jets over the next three years for its refleeting program. The company plans to borrow from export credit agencies to fund the refleeting. In... more
2005/11/09
(BCM, UK, 3 November 2005) During an official State visit, Atradius Dutch State Business (Atradius DSB) signed a co-operation agreement with Russia's Sberbank in the presence of both President Putin and Dutch Prime Minister Balkenende. The agreement will create a framework between Russia’s largest... more
2005/11/08
(Novosti, Beijing, 2 November 2005) Russia's major state-owned savings bank, Sberbank, has asked several Chinese banks for loans to finance large investment projects in Russia. Earlier this year, the bank signed an agreement with Sinosure, China's only export credit insurance corporation. The deal... more
2005/11/07
(Berne Union, London, 6 October 2005) The members of the International Union of Credit and Investment Insurers known as the Berne Union, released record figures for 2004 today. A surge in new business sent total ECA volumes rising by 21% to an all time high of US$788 billion.
2005/11/06
(Economic Times, New Delhi, 8 November 2005) The National Hydroelectric Power Corporation Limited would get a concessional loan of Rs 450 crore (US98.4 million) from French export credit insurance agency Coface to import equipment for the 2,000 MW Subansiri Lower hydro project in Arunachal Pradesh.
2005/11/05
(Peoples Daily Online, Beijing, 27 October 2005) At the 4th Meeting of Prime Ministers of the Member States of the Shanghai Cooperation Organization (SCO) in Moscow, China announced 900 million dollars in preferential export buyer's credits. The... more
2005/11/04
(Vietnam News Agency, Jakarta, 28 October 2005) The Indonesian navy will proceed with its plan to purchase four Dutch corvettes at a cost of 1.9 billion USD, Admiral Slamet Soebijanto, Navy Chief of Staff, has said.
2005/11/03
(Dow Jones, London, 27 October 2005) A senior executive of a Royal Dutch Shell PLC-led joint venture on Russia's Sakhalin Island offered $50,000 in cash payment as part of land rental negotiations, a local mayor told Dow Jones Newswires. Sakhalin Energy Investment Co. Ltd., the company involved,... more