(SDC Executive, Arizona, 15 September 2016) A growing number of business groups are urging House and Senate leaders to approve a spending bill allowing the Export-Import Bank to approve larger loans again. Fifteen groups sent a letter calling on congressional leadership to include a temporary...
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2016/08/30
Country: Canada, USA
ECAs: Export Development Canada, Export-Import Bank of the United States
(Compressor Tech News, Waukesha, WI, 26 August 2016) GE has started constructing its multimodal manufacturing facility in Welland, Ontario, Canada. The facility, a US$165 million investment in its first phase, will manufacture GE Power’s reciprocating gas engines, as well as components for...
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2016/08/29
Country: USA
ECAs: Export-Import Bank of the United States
(Wall Street Journal, Beijing, 9 August 2016) The U.S. Export-Import Bank is vetting major export-financing deals in advance so it can resume lending as soon as a U.S. Senate logjam is resolved, its chairman said Tuesday in Beijing. Fred Hochberg, Ex-Im Banks’ chairman and president, said he...
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2016/08/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: OECD
(Nottingam University, Nottingham, 27 July 2016) This 35 page paper investigates the impact of the US Export-Import Bank on US exports particularly in the wake of international competition from foreign national export credit agencies (ECAs). We employ a gravity framework on a country-industry-...
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2016/07/30
Country: USA
ECAs: Export-Import Bank of the United States
(Export Import Bank, Washington, June 2016) In its June 2016 Report to the U.S. Congress on GLOBAL EXPORT CREDIT COMPETITION Ex-Im noted (on p.55) that in 2015, foreign ECAs acted aggressively to move business away from the United States to their countries. The most notable examples involved...
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2016/07/30
Country: USA
ECAs: Export-Import Bank of the United States
(McClatchyDC, Washington, 12 July 2016) Lawmakers in the House of Representatives, including Rep. Kay Granger, R-Texas, moved Tuesday to assist the embattled...
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2016/06/29
Country: USA
ECAs: Export-Import Bank of the United States
(Morning Consult, Washington, 9 June 2016) The Obama administration’s nominee for the Export-Import Bank’s board of directors became the latest pawn in the ongoing floor fight between Senate Democrats and Republicans over executive nominations. On Thursday, Senate Banking Committee Chairman...
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2016/06/29
Country: France, USA
ECAs: COFACE, Export-Import Bank of the United States
(Global Trade Magazine, Newport Beach, 27 June 2016) GE has announced an agreement under which COFACE, the French export credit agency, will provide an additional line of credit for gas turbine combined cycle projects that require export financing in countries such as Saudi Arabia, Mexico, and...
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2016/06/28
Country: India, USA
ECAs: Export-Import Bank of the United States
Issue: BRIC countries, Climate Change, Oil, Gas and Mining
(Business Standard, New Delhi, 17 June 2016) A US-based think tank today said the Bangladesh-India Maitree project could effectively end up in a financial mess. The coal-based power plant proposed to be built near the city of Khulna, close to the Sundarbans mangrove forest, is a joint venture...
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2016/05/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Corruption, Human Rights
(Friends of the Earth, Washington, 11 May 2016) The U.S. Export-Import Bank loves to remind us that it is not a development agency, and, therefore, is not held to the same requirements as say a development finance institution. Even still, some of the governments that the head of Ex...
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2016/05/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Nuclear
(E&E Daily, Washington, 24 May 24 2016) A long-running political standoff over the Export-Import Bank of the United States threatens to delay billions of dollars in loans and other financial guarantees for overseas nuclear energy projects. Congress last year, after months of acrimony, voted...
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2016/04/30
Country: France, United Kingdom, USA
ECAs: COFACE, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: World Trade Organization
(Space News, London, 15 April 2016) Britain’s export-credit agency may be the most attractive source of satellite project financing that almost none one has heard of or uses. While its more active counterparts in the United States and France are most comfortable guaranteeing loans only when a...
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2016/04/30
Country: USA
ECAs: Export-Import Bank of the United States
(Trade & Export Finance, Washngton, 7 April 2016) Donald Trump seems to be on course to win the US Republican nomination. Trump, a conservative, is in favour of small government and it is believed would cheerfully close the US export credit agency, US Ex-Im Bank if he could. And although...
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2016/03/31
Country: USA
ECAs: Export-Import Bank of the United States
(Houston Chronicle, Houston, 3 March 2016) The fight to empower a government agency that ensures U.S. companies can compete around the world, and even makes money for the taxpayer, is sadly not over. Ex-Im can't close any deals exceeding $10 million because of conservative opposition in the...
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2016/03/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Seattle Times, Seattle, 22 March 2016) The obscure U.S. Export-Import Bank moved to center stage in Washington’s Democratic presidential contest, as Hillary Clinton and her allies chided Bernie Sanders for opposing the bank, which plays an outsized role in this state. Speaking Tuesday at the...
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