(Macauhub, Macau, 29 September 2016) Canada’s export credit agency will finance the purchase by Angola of 100 locomotives from US group General Electric, according to an authorization granted by presidential order. The order authorizes the state to borrow US$429.5 million from the Canadian...
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(The Telegraph, London, 17 September 2016) Canada is setting up an export agency office in the UK in an attempt to boost trade links with one of its biggest trading partners after the EU referendum. In the latest indication of the desire of non-EU countries to do more business with the UK,...
more(SDC Executive, Arizona, 15 September 2016) A growing number of business groups are urging House and Senate leaders to approve a spending bill allowing the Export-Import Bank to approve larger loans again. Fifteen groups sent a letter calling on congressional leadership to include a temporary...
more(Compressor Tech News, Waukesha, WI, 26 August 2016) GE has started constructing its multimodal manufacturing facility in Welland, Ontario, Canada. The facility, a US$165 million investment in its first phase, will manufacture GE Power’s reciprocating gas engines, as well as components for...
moreArgentina’s sovereign debt may be outperforming most of its emerging-market peers this year, but the OECD says the country is as risky as North Korea, Venezuela and Iran. The ranking is a remnant from the days when Argentina was still a pariah in international markets -- and it could soon...
more(Wall Street Journal, Beijing, 9 August 2016) The U.S. Export-Import Bank is vetting major export-financing deals in advance so it can resume lending as soon as a U.S. Senate logjam is resolved, its chairman said Tuesday in Beijing. Fred Hochberg, Ex-Im Banks’ chairman and president, said he...
more(Nottingam University, Nottingham, 27 July 2016) This 35 page paper investigates the impact of the US Export-Import Bank on US exports particularly in the wake of international competition from foreign national export credit agencies (ECAs). We employ a gravity framework on a country-industry-...
more(Export Import Bank, Washington, June 2016) In its June 2016 Report to the U.S. Congress on GLOBAL EXPORT CREDIT COMPETITION Ex-Im noted (on p.55) that in 2015, foreign ECAs acted aggressively to move business away from the United States to their countries. The most notable examples involved...
more(McClatchyDC, Washington, 12 July 2016) Lawmakers in the House of Representatives, including Rep. Kay Granger, R-Texas, moved Tuesday to assist the embattled...
more(Morning Consult, Washington, 9 June 2016) The Obama administration’s nominee for the Export-Import Bank’s board of directors became the latest pawn in the ongoing floor fight between Senate Democrats and Republicans over executive nominations. On Thursday, Senate Banking Committee Chairman...
more(Global Trade Magazine, Newport Beach, 27 June 2016) GE has announced an agreement under which COFACE, the French export credit agency, will provide an additional line of credit for gas turbine combined cycle projects that require export financing in countries such as Saudi Arabia, Mexico, and...
more(Friends of the Earth, Washington, 11 May 2016) The U.S. Export-Import Bank loves to remind us that it is not a development agency, and, therefore, is not held to the same requirements as say a development finance institution. Even still, some of the governments that the head of Ex...
more(E&E Daily, Washington, 24 May 24 2016) A long-running political standoff over the Export-Import Bank of the United States threatens to delay billions of dollars in loans and other financial guarantees for overseas nuclear energy projects. Congress last year, after months of acrimony, voted...
more(TFX News, Rome, 30 May 2016) Italian ECA SACE reopened its support of transactions with Argentina after the Italian undersecretary for development Ivan Scalfarotto last week announced guarantees for €700 million credit lines during his visit to the newly-liberalised Latin American country.