(Seeking Alpha, Ra'Anana Settlement Israel, 31 May 2017) Boeing has sealed a deal for Italy's export credit agency to provide an initial $1.25B/year in guarantees for jetliner sales, partly to fill the void left by the U.S. Export-Import Bank, which has been restricted since July 2015 when some...
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2017/06/30
Country: Italy, USA
ECAs: Export-Import Bank of the United States, SACE S.p.A.
Issue: Aircraft
2017/06/30
Country: China, France, Germany, Italy, Japan, Russia, USA
ECAs: COFACE, Euler Hermes Deutschland AG, EXIM Bank China, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining
(Your Oil & Gas News, Edinburgh, 1 June 2017) Yamal LNG announced the signing of agreements with several European banks, inter alia Raiffeisen Bank International AG and Intesa Sanpaolo for up to 425 million with insurance coverage provided by the Swedish export credit agency EKN and the...
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2017/05/30
Country: USA
ECAs: Export-Import Bank of the United States
(National Public Radio Newsworks, Delaware, 16 May 2017) Republicans who want to disband the Export-Import Bank of the United States were heartened during the presidential campaign when candidate Donald Trump indicated he would kill it if he were elected president. Now, President Trump said he...
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2017/05/30
Country: USA
ECAs: Export-Import Bank of the United States
(Sputnik News, Washington, 15 May 2017) Trade finance to Cuba is not expected in the near future because of the quantity of work that needs to be completed, including the country's payments due to export credit agencies, US Export-Import Bank (Ex-Im) Business Development Officer Kate Bishop...
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2017/05/30
Country: India, USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(eTurbo News, Hawaii, 11 May 2017) A recent high-profile example of Delta’s advocacy agility was its position on export credit financing and reauthorization of the Export-Import Bank (EXIM). Delta opposed it before it supported it. In the beginning, Delta was a leading voice opposing...
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2017/04/27
Country: Canada, India
ECAs: Export Development Canada
(Business Wire, Mumbai, 2 April 2017) Export Development Canada today announced its new and first global branch outside of Canada, in Singapore. “EDC’s new branch can process transactions in real time for Indian companies, eliminating the previous 12 hour delay to connect back to our financing...
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2017/04/27
Country: Canada, United Kingdom
ECAs: Export Development Canada, UK Export Finance (UKEF)
(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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2017/04/26
Country: USA
ECAs: Export-Import Bank of the United States
(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...
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2017/03/31
Country: Australia, China, India, USA
Issue: Oil, Gas and Mining
(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...
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2017/03/31
Country: USA
ECAs: Export-Import Bank of the United States
(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,...
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2017/02/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(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...
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2017/02/28
Country: USA
ECAs: Export-Import Bank of the United States
(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...
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2017/02/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Human Rights, Oil, Gas and Mining
(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...
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2017/02/28
Country: Canada
ECAs: Export Development Canada
Issue: Human Rights
(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...
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2017/01/31
Country: USA
ECAs: Export-Import Bank of the United States
(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...
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