(Global Trade Review, London, 1 June 2022) The Export-Import Bank of the United States (US Exim) has bolstered its support for the domestic aviation manufacturing industry, renewing a US$450mn supply chain finance (SCF) guarantee backing sales to Boeing. Under US Exim’s SCF programme, the...
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2022/04/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Reuters, Washington, 31 March 2022) The U.S. EXIM's board of directors on Thursday voted to formalize the bank's withdrawal from any further business in Russia and approved financing and to guarantee deals worth up to $381 million for Iraq, Sri Lanka and Albania. The board also voted to notify...
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2022/04/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Bloomberg, Washington, 13 April 2022) The U.S. Export-Import Bank approved a plan Thursday that could yield a flood of financing for U.S. energy ventures, including wind and solar projects, battery manufacturing and terminals to sell LNG overseas. The bank’s board voted 3-0 on a formal policy...
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2022/03/30
Country: Korea, Russia, USA
Issue: Human Rights
(Asia Financial, London & Hong Kong, 4 March 2022) South Korea said on Friday that it had won an exemption from expanded US export restrictions imposed on Russia over its invasion of Ukraine, Seoul’s trade ministry said on Friday. The exemption means Korean companies won’t have to secure...
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2022/02/28
Country: USA
ECAs: Export-Import Bank of the United States
(Sherrod Brown, Washington, 10 February 2022) U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, applauded Reta Jo Lewis’ confirmation as President of the Export-Import (EXIM) Bank. Lewis was confirmed by a vote of 56-40. Lewis...
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2022/01/31
Country: China, USA
Issue: Human Rights
(Epoch Times, New York, 10 January 2022) Commentary: Thomas McArdle - While it’s bad enough that President Joe Biden has nominated in Reta Jo Lewis a longtime, committed appeaser of the oppressive, genocidal, and expansionist People’s Republic of China to chair the Export-Import Bank of the...
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2021/12/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Friends of the Earth USA
(Reuters, Washington, 10 December 2021) The Biden administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects overseas and prioritize global collaborations to deploy clean energy technology, according to U.S. diplomatic cables seen...
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2021/12/31
Country: China, USA
ECAs: Export-Import Bank of the United States
Issue: Human Rights
(Epoch Times, Washington, 22 December 2021) Lithuania's regional and economic stability is facing challenges from the Chinese regime for allowing self-ruled Taiwan, which Beijing claims as a runaway province, to open a de facto embassy in its capital Vilnius. In response, China recalled its...
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2021/11/30
Country: China, USA
ECAs: Export-Import Bank of the United States
Issue: Human Rights
(Reuters, Vilnius, 19 November 2021) Lithuania will sign a $600 million export credit agreement with the U.S. Export-Import Bank next week, Economy Minister Ausrine Armonaite told Reuters, days after China warned it would "take all necessary measures" after Lithuania allowed Taiwan to open a de...
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2021/11/30
Country: USA
ECAs: Export-Import Bank of the United States
(JD Supra, Sausalito, 15 November 2021) Africa is a priority for Biden administration agencies the International Development Finance Corporation and EXIM. As of the end of 2020, DFC had invested approximately US$8 billion (approximately 25 percent of its total portfolio) across more than 300...
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2021/07/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: G20
(Reuters, Washington, 30 June 2021) The Export-Import Bank of the United States said on Wednesday it remained far behind its global competitors in financing volume in 2020 even as overall financing activity fell due to the COVID-19 pandemic. In its annual competition report here to Congress,...
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2021/07/29
Country: Mexico, USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
(Climate Change News, Broadstairs, 14 July 2021) Campaigners have called on the US to review its longstanding support for Mexico’s state-owned oil and gas company after a gas leak from one of its pipelines set the ocean on fire in the Gulf of Mexico. The US export credit agency Exim bank has...
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2021/07/28
Country: USA
ECAs: Export-Import Bank of the United States
(US Chamber of Commerce, Washington, 1 July 2021) In a letter to the Committee on Appropriations of the U.S. House of Representatives, the Chamber noted that overseas markets represent 95% of the world’s consumers and 80% of its purchasing power. Exports already support half of all...
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2021/06/29
Country: Canada, France, Germany, Italy, Japan, United Kingdom, USA
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
(Global Trade Review, London, 16 June 2021) Environmental campaign groups are switching their aim to public and private financing for natural gas projects as they get closer to winning the battle over thermal coal. But the only firm commitments on financing have been on thermal coal, where the...
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2021/06/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Transparency
(EXIM, Washington, 29 June 2021) The Environmental and Social Project Information and Concerns unit of EXIM provides a process for customers, organizations, and individuals to request or submit information, or express concerns, regarding specific EXIM supported projects, and provides feedback...
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