(Philippine Daily Inquirer, Manila, 24 April 2017) As offers of development funding from China and Japan pour in, Canada also wants a bigger piece of the Philippine growth story as its export credit agency Export Development Canada (EDC) seeks more opportunities to fund infrastructure projects...
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(Deutsche Welle, Washington, 15 April 2017) US President Trump has named Scott Garrett, a conservative Republican former lawmaker, to head the Export-Import (Ex-Im) Bank. Garrett voted to close the official US export credit agency when he was a member of Congress. Trump also named Spencer...
more(Business Standard, New Delhi, 20 March 2017) Leading global financers, export credit funds from China and Korea and international banks which earlier refused to fund the Carmichael coal mine project of the Adani Group are in talks with the Indian conglomerate to fund the project. The...
more(Forbes, Arlington, 3 March 2017) Loren Thompson of the centre-right Lexington Institute comments on "the dwindling band of Export-Import Bank critics who think America should be the only major trading nation without an export credit agency." He notes that while Ex-Im actually make a profit,...
more(Washington Examiner, Washington, 17 February 2017) The Export-Import Bank of the United States is also known as "Boeing's Bank," because about 40 percent of its financing, in the average year, goes to subsidize Boeing sales. Boeing spends a lot of time and money lobbying in favor of Ex-Im. One...
more(Heritate Foundation, Washington, 6 March 2017) For the last five years, conservative lawmakers have rallied behind efforts to close the Export-Import Bank, and were successful in 2015, albeit briefly, when the bank’s charter lapsed for the first time in its history. But now, with President...
more(Guardian, Washington, 22 February 2017) Between 2007 and 2015, the U.S. Export-Import Bank provided $315m in 48 taxpayer-supported insurance policies to the New Jersey-headquartered Connell Company to pursue deals with at least 17 mining companies accused of slave labor, human rights...
more(Above Ground, Ottawa, 15 February 2017) Last year an Ontario-based company, 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 through...
more(GM Today, Waukesha, 24 January 2017) With a possible tariff imposed upon companies that manufacture products out of the country and bring them back in looming, GE will not alter its plan to send 350 manufacturing jobs from its Waukesha plant to Canada. Instead, the company remains open to the...
more(Space News, Congers NY, 22 December 2016) Spacecom is buying its newest spacecraft from an American supplier without relying on financial support from the Export-Import Bank of the United States, according to a company official. Amos-17 is the first satellite Spacecom has bought from a U.S....
more(Pueget Sound Business Journal, Seattle, 2 December 2016) Boeing CEO Dennis Muilenburg urged the new Republican administration of President-elect Donald Trump to preserve and reopen, not abolish the U.S. government's Export-Import Bank. Muilenburg said if Trump gets rid of the Ex-Im Bank, as he...
more(Business Journal, Budapest, 12 December 2016) The Hungarian Export-Import Bank (EXIM) and export credit agency Export Development Canada (EDC) will jointly finance a project to build eight mobile power plants using General Electric (GE) technology for Indonesiaʼs state-owned electricity...
more(Wall Street Journal, Washington, 8 December 2016) President-elect Donald Trump’s jawboning of executives to keep jobs in the U.S. is putting free-market conservatives in an awkward spot after they fought the Obama administration on other government intervention in business. Now, the fate of an...
more(Guardian, London, 7 December 016) Congress quashed the hopes late Tuesday of reviving the United States’ export credit agency, which had been aiming for a stopgap lifeline allowing them to approve more than $20bn in new deals, many of which pose imminent harms to the environment. Now, the fate...
more(wsws.org, Jacksonville, 19 December 2016) The Papua New Guinea (PNG) government announced on Friday that it will deploy military personnel to stop “violence” near the country’s biggest resources installation, the Exxon-Mobil Liquefied Natural Gas (LNG) project...The security and viability of...
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