(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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2014/12/31
Country: France, USA
ECAs: COFACE, Export-Import Bank of the United States
Issue: Oil, Gas and Mining
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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2014/08/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change
(Climate Progress, Washington, 7 July 2014) Last December the Export-Import Bank announced it would stop financing coal-fired power plants abroad, with a few exceptions in the poorest countries in the world. Now, as political pressure in the US Congress puts the bank’s future in to question,...
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2014/08/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Arms Trade
(US General Accounting Office, Washington, 28 August 2014) The Export-Import Bank of the United States (Ex-Im) has policies for monitoring the end use of defense articles and services it finances, including documentation requirements that are reflected in its financing agreements with...
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2014/07/29
Country: USA
ECAs: Export-Import Bank of the United States
(General Accounting Office, Washington, 25 June 2014) The U.S. Export-Import Bank has addressed recommendations GAO made in two 2013 reports that related to processes for estimating losses, managing financial risks, and forecasting outstanding financial commitments (exposure).
2014/07/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(US General Accounting Office, Washington, 8 July 2014) From 2008 through 2013, the US Ex-Im Bank (ExIm) and European ECAs supported 26% of large commercial aircraft deliveries. Since 2004, Ex-Im financing support for Boeing wide-body jet exports has generally increased, and, in fiscal years...
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2014/06/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Corruption
(Wall Street Journal, Washington, 23 June 2014) The U.S. Export-Import Bank has suspended or removed four officials in recent months amid investigations into allegations of gifts and kickbacks, as well as attempts to steer federal contracts to favored companies.
2014/06/30
Country: USA
ECAs: Export-Import Bank of the United States
(ECA Watch, Ottawa, 30 June 2014) The ongoing battle waged by radical completely free market Republicans to close the U.S. Export Import Bank escalated this month, fuelled by Wall Street Journal revelations of alleged cronyism, the release of Ex-Im's...
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