(Global Trade Review, London, 24 November 2021) Seven European countries have pledged to promote reforms and encourage green incentives in the export credit sector, but dashed campaigners’ hopes that they would axe public finance for fossil fuels more quickly than the end of 2022 deadline set...
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2021/11/30
Country: Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Spain, Sweden, United Kingdom
Issue: Climate Change, End Coal Financing, European Union, Oil, Gas and Mining
2021/04/28
Country: Canada, Denmark, France, Germany, Netherlands, Spain, Sweden, United Kingdom, USA
ECAs: COFACE, Denmark EKF, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Climate Change
(Oil Change International, Washington, 15 April 2011) In response to the launch of a new Export Finance for the Future coalition (E3F), 21 civil society organizations (CSOs) from 14 countries...
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2020/10/28
Country: Spain, United Kingdom
ECAs: Compañía Española de Seguros de Crédito a la Exportación, UK Export Finance (UKEF)
(Zawya, Dubai, 4 October 2020) The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) signed a Memorandum of Understanding (MoU) for cooperation with the United Kingdom’s Export Credit Agency (UKEF). The MoU allows for both entities to enter into co-insurance,...
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2020/04/29
Country: France, Germany, Spain, United Kingdom
ECAs: COFACE, Compañía Española de Seguros de Crédito a la Exportación, Euler Hermes Deutschland AG, UK Export Finance (UKEF)
Issue: Debt, European Union
2020/03/30
Country: France, Spain, USA
Issue: Aircraft
(Aviation Today, Rockville MD, 24 March 2020) Airbus partially resumed assembly and production work in France and Spain on March 23, while Boeing will temporarily suspend the majority of its U.S.-based airplane production activity beginning March 25 as the two commercial aerospace giants...
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2018/12/30
Country: Spain
ECAs: Compañía Española de Seguros de Crédito a la Exportación
Issue: Oil, Gas and Mining
(Southern Heald, 12 December 2018) State-owned petroleum company Petroperú has closed a US$1.3bn export credit agency-backed financing as part of its US$5bn Talara refinery modernisation project. Deutsche Bank acted as facility agent for the syndicate, which also involves BBVA, BNP Paribas,...
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2018/12/30
Country: Spain
ECAs: Compañía Española de Seguros de Crédito a la Exportación
Issue: Large Dams
(Global Trade Review, London, 30 November 2018) BBVA has granted a five-year €16.5mn loan to a hydroelectric project in Colombia with backing from Cesce, Spain’s export credit agency (ECA). The operation has been certified as “green” by consulting firm Aecom in line with the...
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2014/05/31
Country: Austria, Belgium, Finland, France, Germany, Italy, Netherlands, Portugal, Spain, United Kingdom
ECAs: Atradius, COFACE, Compañía Española de Seguros de Crédito a la Exportación, Ducroire/ Nationale Delcrederedienst, Euler Hermes Deutschland AG, Finnvera, Oesterreichische Kontrollbank AG, SACE S.p.A., UK Export Finance (UKEF)
(European Commission, Brussels, 7 March 2014) Regulation (EU) No 1233/2011 of the European Parliament and of the Council of 16 November 2011 on the application of certain guidelines in the field of officially supported export credits foresees that Member States shall make available to the...
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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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2013/04/29
Country: Spain
ECAs: Export Development Canada
(ZDNET, 8 April 2013) Canada's export credit agency is lending European mobile giant Telefonica hundreds of millions of euros to spend on BlackBerry devices and services. The working capital facility from Export Development Canada (EDC) is meant to help the Canadian handset maker grow its...
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2012/09/30
(Ministry of Finance, Madrid, 14 September 2012) The Government of Spain has authorized the sale of 50.25% of CESCE, the Spanish official export credit agency, with a potential value of €200 million.
Region: Europe, Central Asia & Russia
Country: Spain