(Reuters, Washington, 18 February 2015) Clients and supporters of the U.S. export credit agency will descend on Capitol Hill next week to urge lawmakers to keep the Export Import Bank open as critics ramp up efforts to shut it down. A temporary lifeline extended last year will run out on June...
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2015/01/30
Country: USA
ECAs: Export-Import Bank of the United States
(Washington Examiner, 20 January 2015) President Obama did not discuss the Export-Import Bank in his State of the Union address Tuesday night, although the bank faces a June expiration of its charter... Obama has called the bank "critical" to U.S. businesses... It has come under fire in recent...
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2015/01/29
Country: Canada, USA
ECAs: Export Development Canada, Export-Import Bank of the United States
(Mondaq, Washington, 9 January 2015) Satellite industry becomes fastest growing of U.S. Ex-Im Bank’s credit sectors, with growth from $50m to $1b in loans per year since 2010; Export Credit Agency of Russia announces plans to actively support ILS ; and Export Development Canada provides €123m...
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2015/01/29
Country: USA
ECAs: Export-Import Bank of the United States
(Channel Partners, Arizona, 9 January 2015) After more than a half-century of animosity between the U.S. government and the Communist regime under Fidel Castro, and now his brother Raúl, the Obama administration moved last month to establish diplomatic relations with Cuba and create a framework...
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2014/12/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(24/7 Wall Street, London, 9 December 2014) Boeing on Tuesday morning released its 2015 aircraft finance market outlook. The headline number is $124 billion and the forecast amount for 1300 new commercial deliveries in 2015, up from $115 billion in 2014. The company’s Boeing Capital Corporation...
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2014/12/31
Country: USA
ECAs: Export-Import Bank of the United States
(PRNewswire-USNewswire, Washington, 11 December 2014) The Export-Import Bank of the United States will guarantee a $50 million loan to finance the export of 55 American made bridge sets to Cameroon and support 200 U.S. jobs. The loan, extended by Société Générale to Cameroon's Ministry of...
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2014/12/31
Country: France, USA
ECAs: COFACE, Export-Import Bank of the United States
Issue: Oil, Gas and Mining
(Bloomberg, Moscow, 23 December 2014) Total SA (FP) and its partners will use a record 16 ice-breaking tankers to smash through floes en route to and from the Arctic’s biggest liquefied natural-gas development. They’re still looking for a way around a freeze in U.S. financing... The U.S. Export...
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2014/11/27
Country: China, USA
ECAs: EXIM Bank China, Export-Import Bank of the United States
(The White House, Washington, 12 November 2014) President Obama and President Xi recognize the importance of economic relations at the core of the U.S.-China bilateral relationship. The two Presidents commit to deepen bilateral economic ties. To this end, the United States and China commit to...
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2014/11/27
Country: France, USA
ECAs: COFACE, Export-Import Bank of the United States
(SpaceNews, Paris, 12 November 2014) The French government will reform its Coface export-credit agency to enable it to offer financial backing to satellite projects at the same rates as its American counterpart... Coface used to dominate export credits for satellite projects. But in the past...
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2014/11/27
Country: USA
ECAs: Export-Import Bank of the United States
(Reuters, Washington, 7 November 2014) Republican critics of the U.S. Export-Import Bank moved on Friday to force the export lender to reveal full details of board discussions about potential deals, restarting a battle over the bank's long-term future. The move is the first salvo from Ex-Im...
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2014/11/27
Country: Canada, Italy, Japan
ECAs: Export Development Canada, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SACE S.p.A.
Issue: Oil, Gas and Mining
(Cistran Finance, Chicago, 11 June 2014) A list of 23 banks and ECAs that will be financing the construction of SOCAR’s STAR oil refinery in the Aliaga port in Turkey was announced in an official ceremony last week. The list includes the following ECAs: Export Development Canada, JBIC, NEXI,...
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2014/11/27
Country: Japan, USA
ECAs: Japan Bank for International Cooperation, Nippon Export and Investment Insurance
Issue: Climate Change, Oil, Gas and Mining, Renewables
(Freight News, Piraeus Greece, 24 October 2014) The United States has challenged the Japanese government over moves to ramp up exports of coal-fired power technology and to offer cheap loans to lure buyers, according to a U.S. source with direct knowledge of the matter... Japan’s shipments of...
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2014/10/25
Country: USA
ECAs: Export-Import Bank of the United States
(Devex, Washington, 6 October 2014) Congress has voted to reauthorize Ex-Im, the government agency that finances U.S. exports of goods and services — but only through June 30, 2015. The measure passed after it was tucked into a much larger spending bill that also funded the...
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2014/10/24
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Oil, Gas and Mining
(The Economic Voice, Southampton, 24 October 2014) The Export-Import Bank of the United States (Ex-Im Bank) on Monday approved two authorizations totaling $1 billion in financing to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico's national oil-and-gas...
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2014/10/24
Country: Belgium, Netherlands, USA
ECAs: Atradius
Issue: Human Rights
Member: Both ENDS
(Both ENDS, Amsterdam, 23 October 2014) On 18 October it was reported that the Egyptian authorities signed a contract with an international consortium of dredging companies to expand the Suez canal. The consortium includes the two main Dutch dredging companies: Royal Boskalis...
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