(Kyiv Post, Kyiv, 8 January 2019) The Export-Import Bank of the United States has reopened its programs for Ukraine after a five year pause, the Washington-based U.S.-Ukraine Business Council stated. Through ten months of 2018 bilateral trade between Ukraine and the U.S grew slightly to $3.1...
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2019/01/30
Country: USA
ECAs: Export-Import Bank of the United States
(Eakinomics, Washington, 17 January 2019) The Export-Import Bank is due to be re-authorized in September 2019. The re-authorization of Ex-Im in 2015 became a pitched battle over whether it was an appropriate role for the government. While the arguments against market intervention make sense,...
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2018/12/30
Country: USA
Issue: Aircraft
(American Machinist, Cleveland, 9 December 2018) Boeing is forecasting strong demand for new commercial airplanes will continue in 2019, with deliveries by major OEMs totaling about $143 billion, and growing to $180 billion by 2023. The commercial-aircraft market’s strong fundamentals also are...
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2018/12/30
Country: China, USA
(Infrastructure News, Johannesburg, 3 December 2018) The battle for influence on the continent between Development Finance Institutions (DFIs) and Export Credit Agencies (ECAs) from China and the United States is set to heat up over the next decade in a fierce competition that could help Africa...
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2018/11/28
Country: USA
ECAs: Export-Import Bank of the United States
(The Hill, Washington, 30 October 2018) Pollsters are predicting that Kavanaugh’s US Senate confirmation has galvanized Republicans and enhanced Senate Majority Leader Mitch McConnell's (R-Ky.) chances of retaining Senate control. For the last three years, and with little notice, McConnell has...
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2018/11/27
Country: Denmark, Germany, Iran, USA
ECAs: Denmark EKF, Euler Hermes Deutschland AG
Issue: Human Rights
(Washington Post, Berlin, 31 October 2018) At the end of last year, the Danish Export Credit Agency had approved eight Iranian banks for credit lines or guarantees and vowed to resist U.S. pressure to dismantle those ties. However, Denmark is now leading a push for new E.U. sanctions against...
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2018/10/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(The National, Abu Dhabi, 3 October 2018) Planemaker Boeing said the US Export-Import Bank (Exim), the country's export credit agency, [sic - return?] to its full lending powers is vital to the country's economy and the company's ability to compete with global rivals. The US is locked in an...
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2018/09/30
Country: Canada, China, Italy, Japan, South Africa, USA
ECAs: EXIM Bank China, Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining, Transparency
(Daily Maverick, Johannesburg, 3 September 2018) The Export Credit Insurance Corporation of South Africa (ECIC) uses public funds for international projects it chooses to invest in. Right now, the agency is considering lending a part of $14-billion needed by US energy company Anadarko for a...
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2018/09/30
Country: China, Iran, United Kingdom, USA
(Out-Law, London, 4 September 2018) A new UK authority called the Office of Financial Sanctions Implementation (OFSI) has been established to better inform businesses of the risks that arise from financial and trade sanctions that restrict trade and transactions with sanctioned persons,...
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2018/08/29
Country: Turkey, USA
(Global Trade Review, London, 15 August 2018) The Danish export credit agency EKF has frozen all new guarantees to Turkey, as concerns about the country’s economic health continue to mount. The Turkish lira has lost more than 45% of its value this year and continued its plunge this week amid a...
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2018/08/28
Country: China, India, USA
(Business Standard, New Delhi, 7 August 2018) India can focus on numerous goods for expanding its exports to the US and China markets following the hike in duties by both countries on imports from each other, said the Confederation of Indian Industry (CII). With the US imposing additional duty...
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2018/08/28
Country: Iran, USA
(Global Trade Review, London, 18 August 2018) Two weeks after renewed US sanctions against Iran, it appears trade credit insurers are winding down the little business they had reinstated in the country since 2016. Arash Shahraini, board member and deputy CEO of the Export Guarantee Fund of Iran...
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2018/08/28
Country: Australia, China, Japan, USA
(NASDAQ, New York, 3 August 2018) The United States, Japan and Australia are collaborating to form an alliance that will aim to finance infrastructure projects across Asia. The partnership is a move to lower China's influence on the Indo-Pacific region through the Chinese government's Belt and...
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2018/08/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
Member: Friends of the Earth USA
(Washington Examiner, Washington, 23 August 2018) The Senate Banking Committee on Thursday voted 25-0 in favor of Kimberly Reed to lead the U.S. Export-Import Bank, the U.S. export credit agency, which the group Friends of the Earth fears could be a move to subsidize fossil fuel...
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2018/08/28
Country: Germany, Turkey, USA
Issue: Arms Trade, Corruption, Human Rights
(ECA Watch, Ottawa, 28 August 2018) When President Trump...
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