(Global Trade Review, London, 14 February 2024) Three export credit agencies have thrown their support behind a €4.4bn debt raising for a company building lithium battery gigafactories across Europe, the latest in a string of deals intended to beef up the continent’s renewable energy supply...
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(Global Trade Review, London, 25 October 2023) Germany has become the latest country to offer more attractive export credit guarantee pricing and conditions for climate-friendly transactions. In a policy scheduled to take effect from November 1, applicants for export credit support from the...
more(Zawya, Dubai, 11 October 2023) The Egyptian government is currently negotiating with several international financing institutions to secure a $2.1 billion concessional loan for the implementation of the second high-speed rail line, two government officials told Asharq Business. The potential...
more(BN Americas, Santiago, 7 July 2023) Although the energy transition and ESG issues are gaining traction, many banks and credit export entities keep financing oil and gas undertakings, such as floating production storage and offloading units (FPSOs) ordered by Brazil’s federal oil firm Petrobras...
more(Reuters, Berlin, 25 July 2023) Environmental groups on Tuesday criticized Germany's draft policy on export credit guarantees as too vague and soft on financing for natural gas projects, as Berlin attempts a balancing act between climate protection and energy security. Germany supports exports...
more(Yahoo Finance, Berlin, 22 June 2023) The German government has loosened its requirements for export credit guarantees for companies doing business with Ukraine in an effort to shore up economic recovery in the country, the economy ministry said Thursday. Effective immediately, the application...
more(UKEF, London, 22 January 2023) Acknowledging the G7 Leaders’ Statement on Support for Ukraine, as heads of the official export credit agency (ECA) schemes of the G7 nations – Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America – we wish to express our...
more(Oil Change International, Washington, 7 December 2022) A German government State Secretary has revealed a pipeline of fossil fuel projects that shows a lack of seriousness about keeping Germany’s climate promise. The Government stated that it “currently has ten individual applications for...
more(Global Trade Review, London, 14 December 2022) Canada and New Zealand have mapped out how they will put into action pledges to scrap ECA support for fossil fuel projects, ahead of an end-of-year deadline. At last year’s Cop26 summit in Glasgow, thirty-nine countries vowed to end public finance...
more(Big News Network, Berlin, 29 December 2022) Germany announced that it is formally suspending export credits and investment guarantees for business in Iran, after the brutal crackdown on protests by authorities in Tehran. The instruments suspended are export credit guarantees, which protect...
more(TFI Global News, Noida Uttar Pradesh, 29 December 2023) German-African Business Association: Ever since the Russia-Ukraine war the importance of Africa has skyrocketed. Now every major power today wants to expand their footprint in the continent. Today there is a great surge of foreign...
more(UK Government, Toronto, 3 November 2022) The leaders of the official export credit agencies from the G7 nations – Canada, France, Germany, Italy, Japan, United Kingdom and the United States of America – were hosted by Export Development Canada in Toronto, Canada to discuss a number of pressing...
more(The Saxon, Salisbury, ? November 2022) Canada continues to heavily subsidize fossil fuels despite its international commitments, according to a report by Oil Change International. The nonprofit estimates that Canada has, on average, given up to US$8.5 billion annually to projects related to...
more(Financial Management Magazine, Durham, 4 November 2022) As noted in our October What's New, ten European countries had agreed to spell out this year how they will limit export finance support for overseas fossil fuel projects. But they shelved...
more(Military Africa, Nigeria, 13 October 2022) Germany has sent a consignment of IRIS-T surface-to-air defence system initially meant for Egypt to Ukraine to protect critical assets following the Russian invasion of the country. Egypt paid for the IRIS-T air defence system in 2019 after Germany’s...
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