(Reuters, Washington, 16 June 2014) The United States, United Kingdom and Netherlands will float a plan this week requiring new coal-fired power plants to meet a carbon pollution standard in order to receive public funding from the world's wealthiest countries, according to a draft seen by...
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2014/06/30
Country: France, USA
Issue: Corruption
(US Dept. of Justice, Washington, 34 <july 2014) The U.S. Department of Justice announced today that an $80 million False Claims Act judgment was entered against BNP Paribas for submitting false claims for export payment guarantees issued by the U.S. Department of Agriculture. BNP Paribas...
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2014/06/30
Country: USA
ECAs: Export-Import Bank of the United States
(Export Import Bank, Washington, June 2014) Ex-Im's annual competitiveness report provides useful statistics about volumes of ECA financing not published by the OECD over the last few years, by OECD and non-OECD countries, by type of financing, trends, etc. For example:
Fig.1 p.3 GLOBAL...
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2014/05/31
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, SACE S.p.A.
Member:
(Huffington Post, 2 May 2014) The Nation, Huffington Post,...
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2014/05/31
Country: China, USA
Issue: Oil, Gas and Mining
(Reuters, Moscow, 30 April 2014) Chinese investors are committed to financing part of Novatek's $27 billion Russian gas project, ensuring it has sufficient backing despite losing U.S. support because of sanctions, the company said on Wednesday. The U.S. export credit agency Ex-Im pulled out in...
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2014/04/30
Country: Canada, Italy, Japan, Spain, Turkey, USA
ECAs: Compañía Española de Seguros de Crédito a la Exportación, Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining
(Bloomberg, Istanbul, 22 April 2014) Azerbaijan’s state oil company, Socar, is in the final stages of negotiations for a $3.5 billion loan to help build a refinery in Turkey, said Kenan Yavuz, chief executive for the company’s Turkish unit... Most of the $3.5 billion package, arranged by the...
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2014/04/30
Country: USA
Issue: Aircraft
(Wall Street Journal, London, 30 April 2014) U.S. sanctions on Russia in response to the country's threats and incursions against Ukraine have created uncertainty over aerospace transactions, from plane purchases to satellite launches... "I see the market now as frozen for lease and financing...
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2014/04/30
Country: USA
ECAs: Export-Import Bank of the United States
(Financial Times, Washington, 20 April 2014) The Export-Import Bank of the United States, which provides finance for foreign purchases of US products, faces a fresh battle to survive... That threatens some of its biggest beneficiaries in corporate America, from Boeing to Caterpillar and General...
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2014/03/30
Country: USA
ECAs: Export-Import Bank of the United States
(USNewswire, Washington, 18 March 2014) The Export-Import Bank of the United States (Ex-Im Bank) today announced its cross-marketing partnership with thousands of credit and finance professionals who are represented by the Finance, Credit and International...
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2014/03/30
Country: Canada, Turkey
ECAs: Export Development Canada
(Marketwired, Ottawa, 26 March 2014) - Export Development Canada (EDC) today announced that it has provided a USD 10 M line of credit to Turkish leasing company Ak Finansal Kiralama (AkLease), which will be used to provide financing to Turkish companies leasing equipment from Canadian...
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2014/02/28
Country: USA
Issue: Renewables
(Cape Cod Online, 26 February 2014) Cape Wind announced February 26th that a Danish credit agency has approved a $600 million loan for the proposed Nantucket Sound wind farm. Speaking at the GreenPower USA Offshore Wind Conference in Boston Cape Wind CEO Gordon said that EKF, the Danish Export...
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2014/02/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Human Rights
(Seattle Times, Washington, 6 February 2014) The U.S. government export credit agency says it's ready to provide financing for American companies exporting to former pariah nation Myanmar... The Export-Import Bank made the announcement Thursday, saying it would help improve trade flows between...
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2014/02/28
Country: France, USA
ECAs: COFACE, Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
Member: Les Amis de la Terre
(Friends of the Earth France, Paris 10 February 2014) Tomorrow French President Francois Hollande will meet US President Barack Obama. Last year, Mr Obama announced the end of US public financing for new coal-fired power plants overseas, he now wants other developed countries to follow suit. In...
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2014/02/28
Country: France, USA
ECAs: COFACE, Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
Member: Les Amis de la Terre
Friends of the Earth France has urged President Hollande and his government to end French support for coal-fired power plants via its export credit agency Coface and the various multilateral development banks in which it plays a significant role...
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