(EXIM, Washington, 29 June 2021) The Environmental and Social Project Information and Concerns unit of EXIM provides a process for customers, organizations, and individuals to request or submit information, or express concerns, regarding specific EXIM supported projects, and provides feedback...
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2021/05/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
(Bank Watch, Nijmegan, 18 May 2021) The International Energy Agency (IEA) has launched a long-awaited report setting out for the first time an energy scenario that is aligned with the urgent goal of limiting global warming to 1.5°C. The Agency sets this out in its report, “Net Zero by 2050: A...
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2021/05/29
Issue: Common Approaches, OECD, Transparency
(OECD, Paris, May 2021) This OECD report looks at support governments provide to their industrial producers which they say has been a growing source of trade tensions amid reports of excess capacity and unfair competition. While much light has already been shed on support to agricultural...
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2021/03/31
Country: China
ECAs: EXIM Bank China, Export-Import Bank of the United States
Issue: Debt, Transparency
(EXIM and Chatham House, 2019 and 2020) The U.S. 2019 approved reauthorization of EXIM included a goal of reserving not less than 20% of the...
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2021/03/30
Issue: Transparency
(Albawaba, Amman, 15 March 2021) Last Thursday, the UAE announced a $10 billion fund that is allocated for Emirati investments in Israel, the latest country with which the UAE has signed a normalization agreement last September. Last December, the Etihad Credit Insurance (ECI) and the UAE's...
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2021/03/29
Country: China, France, Japan, South Africa, United Kingdom
Issue: Climate Change, Human Rights, Oil, Gas and Mining, Transparency
(Construction and Civil Engineering News, Nairobi, 2 March 2021) More than 260 organisations have urged banks not to finance the $3.5 billion project, saying the project could lead to the loss of community land and livelihoods, environmental destruction and surging carbon emissions. Nearly a...
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2021/03/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
Member: Friends of the Earth USA
(Oil Change International, Washington, 18 MArch 2021) In a newly released letter, nearly 450 organizations called on the Biden Administration to immediately end all U.S. public financing...
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2021/02/28
Issue: Climate Change, Renewables, Transparency
(TXF News, London, 1 December 2020) The International Chamber of Commerce Global Export Finance Committee’s Sustainability Working Group (ICC-SWG) is out to market with an ambitious initiative: to engage the export finance community in a discourse on how the industry aims to fulfil the UN’s...
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2021/02/28
Issue: BRIC countries, Common Approaches, European Union, G20, OECD, Transparency
(TFX News, New York, 3 February 2021) The OECD Consensus has a long history but it’s still the only game in town. With the International Working Group now in stasis, is that a problem, or is it going to focus minds on reform? The ‘Arrangement on Officially Supported Export Credits’ started out...
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2021/02/28
Country: USA
Issue: Transparency
(Yahoo News, Washington, 31 January 2021) The Trump administration used the USDA Commodity Credit Corp. to bail out farmers suffering from its trade wars. Now the Biden administration wants to deploy a $30 billion pot of money in the Agriculture Department to tackle climate change, support...
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2021/02/28
Country: China
ECAs: EXIM Bank China
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
(Global Development Policy Center, Boston, 12 February 2021) In 2020, China’s two development banks with global operations — the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) — recorded $4.6 billion of overseas energy sector finance. This represents a decrease of 43...
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2021/02/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
Member: Friends of the Earth USA
(Reuters, Barcelona, 27 January 2021) The United States will produce a plan to end international financing for fossil fuel projects, its special climate envoy John Kerry said Wednesday, as senior British and U.N. officials urged donor nations to meet a flagship climate finance promise. Speaking...
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2021/01/30
Country: Netherlands
ECAs: Atradius
Issue: Climate Change, European Union, Renewables, Transparency
Member: Both ENDS
(Both ENDS, Amsterdam, 29 January 2021). Atradius Dutch State Business (ADSB) recently launched the so-called “Green Label”. This is a methodology to determine whether a transaction can be qualified as a green transaction. Such green transactions are eligible for export credit insurance with...
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2020/12/30
Country: China, USA
ECAs: Export-Import Bank of the United States
Issue: Human Rights, Transparency
(Market Screener, Annecy, 8 December 2020) EXIM, the U.S. export credit agency that is supposed to support U.S. jobs by financing exports of U.S.-made goods, is instead considering extreme proposals to destroy requirements that tie financing to domestic content rules. Under the guise of...
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2020/12/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: European Union, OECD, Transparency
(Reuters, London, 7 December 2020) Britain’s government said on Monday it would offer a wider range of loan guarantees to promote exports as part of a drive to boost overseas sales following the country’s departure from the European Union, its biggest foreign market. Lenders will receive a...
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