(Bloomberg, Ottawa, 24 June 2013) Export Development Canada, a trade financing agency, sold the nation’s first offshore yuan- denominated bonds last week as exports to China grow. EDC, which supports Canadian businesses globally, raised 100 million yuan ($16.3 million) from a sale of 2.1 per...
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2013/06/26
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change
(Bloomberg, Washington, 25 June 2013) President Barack Obama pledged to end U.S. government financing of overseas coal projects, a promise that could end millions of dollars in support for power plants in nations such as Vietnam and India. As part of a “Climate Action Plan” released today,...
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2013/05/31
Country: USA
ECAs: Export-Import Bank of the United States
The Government Accountability Office (GAO) today released the following reports, testimony, and correspondence: Export-Import Bank: Additional Analysis and Information Could Better Inform Congress on Exposure, Risk, and Resources, GAO-13-620, May 30 Export-Import Bank: Financing of Dual-Use...more
2013/05/29
Country: Canada
ECAs: Export Development Canada
(Globe and Mail, Ottawa, 2 May 2013) The Harper government has reached outside the Bank of Canada to choose its next governor, selecting an expert in trade and exports as the country’s new top economic steward. Stephen Poloz, the head of Canada’s export credit agency, was named the country’s...
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2013/05/29
Country: Canada
ECAs: Export Development Canada
Issue: Aircraft
(Premium Times, Lagos, 7 May 2013) The Nigerian Export Import Bank, NEXIM, and the Export Development Canada, EDC, are exploring the prospects of a partnership to provide short term financing to Nigeria’s aviation sector. This was one of several discussions between the Nigerian delegation led...
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2013/05/29
Country: Canada, USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Reuters, Seattle, 22 May 2013) - Delta Air Lines Inc wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co , and would be willing to forgo such support for its own purchases if all such subsidies were eliminated, its chief executive...
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2013/05/29
Country: Brazil, Canada, USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(AIN, New York, 20 May 2013) Boeing’s recent assertion of an increased appetite in capital markets to fund airliner orders is welcomed by manufacturers and their customers when other sources of funding seem under pressure. Export credit, now comes generally at higher interest rates and tougher...
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2013/05/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Renewables
(Alawaba, Amman, 15 May 2013) Masdar, Abu Dhabi’s renewable-energy company, and the US Ex-Im Bank, have signed a Memorandum of Understanding in which they will explore opportunities to structure and deploy up to $2bn worth of Ex-Im Bank’s finance supporting U.S. exports to Masdar’s future...
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2013/05/29
Country: USA
ECAs: Export-Import Bank of the United States
(USGAO, Washington, 23 May 2013) The U.S. Export-Import Bank's (Ex-Im) methodology to calculate the number of U.S. jobs associated with the exports it helps finance has four key steps. Ex-Im reports the number of jobs its financing supports and the methodology it uses but does not describe...
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2013/04/30
Country: Australia, Canada, France, Germany, Italy, Japan, Switzerland, United Kingdom, USA
(US State Department, Washington, 11 April 2013) Ministers and senior officials from more than a dozen donor countries met in Washington, D.C. on April 10-11 to discuss ways to meet the challenge of scaling up low-carbon investment in developing countries. Convened and chaired by the USA,...
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2013/04/29
Country: Australia, China, Italy, Japan, USA
ECAs: EXIM Bank China, Export Finance and Insurance Corporation, Export-Import Bank of the United States, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SACE S.p.A.
Issue: Oil, Gas and Mining
Member: Les Amis de la Terre,
(Banktrack, Nijegen, 18 April 2013) A coalition of seven NGOs (BankTrack, Jubilee Australia, Pacific Environment, Act Now! PNG, Mineral Policy Institute, International Accountability Project and Friends of the Earth France) today sent a letter to seventeen banks that are already involved in the...
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2013/03/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: World Trade Organization
GAO-13-303, Mar 28, 2013
From fiscal year 2008 to fiscal year 2012, the U.S. Export-Import Bank's (Ex-Im) outstanding financial commitments (exposure) grew from about $59 billion to about $107 billion, largely in long-term loans and guarantees. Factors associated with this growth...
2012/12/31
(US Treasury Dept., Washington, 4 May 2012) In February 2012, the United States and China established an international working group of major OECD and non-OECD providers of export financing to make concrete progress towards a set of international guidelines on the provision of official export... more
Region: Asia and the Pacific
Country: China, USA
2012/11/30
(Pacific Environment, Doha, 28 November 2012) The Obama Administration is supporting skyrocketing export subsidies for dirty fossil fuels through the United States Export-Import Bank (Ex-Im Bank). The subsidies, revealed in the newly released Ex-Im Bank 2012 Annual Report, are significantly larger... more
Country: USA
Issue: Climate Change
2012/11/30
(Ventures Africa, Cape Town, 15 November 2012) In a move to improve trade ties between the continent and Canada, the African Export-Import Bank (Afreximbank) has been awarded a $30 million (4.8 billion naira) five-year line of credit by Canada’s export credit agency, Export Development Canada. The... more
Region: Africa (Sub-Saharan Region)
Country: Canada