(Construction News, London, 3 March 2020) UK financing of foreign projects designed to boost British supply chain involvement is booming. Ghana’s Kejetia open-air market is the largest in West Africa and is also a health and safety nightmare. Ghana decided to create a more modern facility and...
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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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2020/03/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Arms Trade, European Union
(Jane's, London, 11 March 2020) The UK government is proposing to create a GBP1 billion (USD1.3 billion) fund to support British defence and security exports. The “facility” would be overseen by UK Export Finance, the country’s export credit agency, which gives loans to help foreign countries,...
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2020/03/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, OECD, Oil, Gas and Mining
Member: Global Witness
(Business Green, London, 17 March 2020) The UK's export credit agency was today accused of breaching OECD guidelines governing multinational organisations, with campaigners accusing the government of "rank hypocrisy". NGO Global Witness has lodged a complaint with the Paris-based OECD, which...
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2020/02/29
Country: Germany
ECAs: Euler Hermes Deutschland AG
(MENAFN, Cairo, 8 February 2020) According to the Head of Deutsche Bank's representative office in Cairo, a higher economic growth rate, improved credit conditions, privatisation of public companies and listings in the local exchange will help Egypt to move towards a more private-sector-lead...
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2020/02/29
Country: Italy
ECAs: SACE S.p.A.
(IANS/AKI, Rome, 26 February 2020) The Italian government is making a total 650 million euros available to help Italian companies weather the coronavirus emergency, Foreign Minister Luigi Di Maio said on Wednesday. "Italy''s foreign trade institute (Ice) is making available 300 million euros...
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2020/02/29
Country: Germany
ECAs: Euler Hermes Deutschland AG
(Xinhua, Berlin, 17 February 2020) The German government provided some 21 billion euros (US$23 billion) in export credit guarantees for German exporters and banks in 2019, the Ministry for Economic Affairs and Energy (BMWi) announced on Monday. The figure marked an increase of 6 percent over...
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2020/02/29
Country: Canada, United Kingdom
ECAs: Export Development Canada
Issue: Corruption
(Compliance Week, Boston, 18 February 2020) Export Development Canada (EDC) announced it has completed its independent review of Bombardier’s compliance policies and procedures, concluding there is progress in its ethics and compliance program. EDC initiated the review of Bombardier in 2019...
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2020/02/29
Country: France, Germany, Korea, Malaysia, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(Reuters, Paris, 3 February 2020) Fallout from the Airbus bribery scandal reverberated around the world on Monday as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political row. Prosecution...
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2020/02/29
Country: France
ECAs: COFACE
Issue: Climate Change
(Reuters, Paris, 30 January 2020) French public investment bank Bpifrance has raised several billion euros from private and sovereign investors for a new fund that can be used to fend off activist investors targeting French companies. The new fund would give extra financial firepower to...
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2020/02/29
Country: Canada, China, Japan, Korea, United Kingdom
ECAs: Export Development Canada, Export Import Bank of Korea, Japan Bank for International Cooperation, Sinosure
Issue: Oil, Gas and Mining
Member: Friends of the Earth USA
(Space Daily / AFP, Paris, 30 January 2020) Rich nations are funnelling cash through government-backed financial institutions to provide $30 billion to fossil fuel projects each year that "run counter to the Paris Agreement", a new analysis showed Thursday. The export credit agencies (ECAs) of...
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2020/01/29
Country: France, Germany, United Kingdom, USA
ECAs: UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(Reuters, London, 28 January 2020) Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales. The European...
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2020/01/29
Country: Netherlands
ECAs: Atradius
Issue: Corruption, Human Rights, OECD, Transparency
Member: Both ENDS
Translation of the original piece in Dutch found at the above link.
Opinion | Daniëlle Hirsch is director of Both ENDS
This week it came to light in the Dutch newspapers FD...
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2020/01/29
Country: Netherlands
ECAs: Atradius
Issue: Corruption, Human Rights, OECD, Transparency
Member: Both ENDS
(Guardian, Luanda, 20 January 2020) Until the summer of 2013, Areia Branca, a fishing village just outside Luanda, the capital of Angola, was home to a thriving fishing community of 3,000 families. Now there is no trace of their houses, only sand, a pile of gravel, egrets, a bulldozer and a...
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2020/01/28
Country: United Kingdom
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Energy Live News, London, 24 January 2020) UKEF is financing fossil fuel projects overseas that are estimated to emit around 69 million tonnes of greenhouse gases every year, according to a new investigation by BBC Newsnight and Greenpeace. Prime Minister Boris Johnson recently announced the...
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