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2006/05/06
Complaints about giant paper mills and plantations, many funded by ECAs, are being heard with increasing frequency as the US$430 billion-a-year pulp industry expands.
Issue: Pulp and Paper
2006/05/05
ECA Watch has published a handy index of our monthly What's New bulletin covering the issues from August 2005 through April 2006.
2006/05/04
(Ilusu Dam Campaign, Oxford, 6 April 2006) Plans for large dams in southeast Turkey including the discredited Ilisu dam project may yet go ahead in spite of adverse impacts on cultural and environmental rights, according to a new report. NGO campaigns to oppose ECA support are gearing up to oppose... more
2006/05/03
(Daily News & Analysis, Mumbai, 18 May 2006) OECD ECAs continue to compete by reducing the compliance of large projects with environmental standards, thereby reducing overall project costs.
2006/05/02
A May 29, 2006 consultation in Paris brought ECA Watch members, TUAC, BIAC and European banking officials together with delegates of the... more
2006/05/01
(ECA Watch, Paris, 15 May 2006) The export credit agencies (ECAs) of the OECD have agreed on improved common measures aimed at avoiding taxpayer support for export contracts that are tainted by bribery.
2006/04/10
(International Rivers Network, Berkeley, 28 April 2006) The government of Mozambique announced last Friday, 21 April, that the Export-Import Bank of China (Sinosure) has agreed to back the construction of the proposed Mphanda Nkuwa Dam, worth over US $2 billion. The financial agreement comes at... more
2006/04/09
(The Corner House, Dorset, 28 April 2006) The Corner House, Friends of the Earth (England, Wales and Northern Ireland) and WWF-UK... more
2006/04/08
(Finnish News Agency, Helsinki, 28 April 2006) Topi Vesteri, the vice chief executive of Finnvera, the Finnish export credit guarantee body, was quoted as saying in the Friday issue of business daily Kauppalehti that it would have to reappraise its role in the mill being built by pulp maker... more
ECAs: Compañía Española de Seguros de Crédito a la Exportación, Finnvera
Issue: Pulp and Paper
2006/04/07
(Reuters, Abuja, 26 April 2006) Nigeria agreed to give China four oil drilling licences in exchange for a commitment to invest $4 billion (2.2 billion pounds) in infrastructure in a deal signed by President Hu Jintao. Another agreement set up a $500 million export credit from the Eximbank of China... more
2006/04/06
(Washington Post, 22 April 2006) Statistics on Chinese foreign assistance are patchy, but James A. Harmon, a former head of the U.S. Export-Import Bank, estimates that China's export credit agencies will finance about $160 billion worth of exports by 2010, some 10 times the volume financed by its U... more
2006/04/05
(EDC, Ottawa, 25 April 2006) An EDC report addresses the latest global export conditions, including perspectives on interest rates, exchange rates, as well as export strategies to help Canadian companies minimize risk. "In addition to the global dominoes tumbling into one another, there is a more... more
2006/04/04
(Sudan Tribune, Khartoum, 22 April 2006) Three people were killed and more than fifty wounded in an attack carried out on a community meeting of people to be displaced by the Merowe Dam currently under construction in the Sudan. The dam is financed by the China Exim Bank and different Arab Funds,... more
2006/04/03
(JIBC, Tokyo, 27 April 2006) Japanese ECA JIBC publishes a list of projects for which it has environmental impact statements and, unlike most other OECD based ECAs, also publishes a list of Category A, B and C projects.
2006/04/02
(OECD, Paris, 11 April 2006) The OECD's Export Credit Working Group secretariat has published summary data on ECA activities from 1998 to 2004. The OECD has only published this data in PDF format but ECA Watch has converted it into a spreadsheet to permit a broader analysis of the statistics. A... more