(Asia Times, Hong Kong, 23 July 2019) China's US$1 trillion Belt and Road Initiative, along with other foreign funding, has become a magical mystery tour, baffling the World Bank and the International Monetary Fund. Or, according to critics, a diplomatic car crash waiting to happen. “Compared...
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2019/07/30
Country: China, Italy
ECAs: EXIM Bank China, Sinosure
Issue: BRIC countries
(Islamic Business and Finance, Dubai, 25 July 2019) UAE ECA Etihad Credit Insurance (ECI) has signed partnership agreements with China Export and Credit Insurance Corporation (SINOSURE), Industrial and Commercial Bank of China (ICBC) and Bank of China to boost trade, investments and bilateral...
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2019/07/29
Country: China
ECAs: EXIM Bank China, Sinosure
(Xinhua, Beijing 2 JJuuly 2019) China Export & Credit Insurance Corporation has underwritten 46.08 billion U.S. dollars worth of insured businesses made by Chinese enterprises in Africa from 2018 to the end May of this year, China Securities Journal reported. Of the total, the insurer...
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2019/07/01
Country: China
ECAs: EXIM Bank China, Sinosure
(Peace FM Online, Accra, 25 June 2019) African Foreign Ministers attending the Forum for China-Africa Cooperation (FOCAC) Coordinators’ meeting in Beijing yesterday met Chinese financial institutions who introduced them to their array of financial products. This is in line with Chinese...
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2019/06/30
Country: China, USA
ECAs: EXIM Bank China, Export-Import Bank of the United States, Sinosure
(Reuters, Washington, 28 June 2019) China provided as much as $130 billion in government export financing support in 2018, dwarfing every other country and fueling a new export lending arms race, the U.S. Export-Import Bank said in a report on Friday. In the last full year that EXIM had...
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2019/05/29
Country: China, Japan, Korea
ECAs: EXIM Bank China, Export Import Bank of Korea, Japan Bank for International Cooperation
Issue: End Coal Financing
(Los Angeles Times, Suralaya, 13 May 2019) In the last-ditch global battle against climate change, China, Japan and South Korea have joined other industrialized nations in promising to reduce their use of fossil fuels. Yet even as they take steps to promote renewable energy at home, these three...
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2019/01/30
ECAs: Atradius, EXIM Bank China, Export Import Bank of Korea, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining
(Macauhub, Macau, 11 January 2019) The government of Mozambique has been involved in the last few weeks in intense negotiations with seven countries to secure funding for one of its largest natural gas projects and overcome scepticism about whether it will honour its debt commitments. The...
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