(Global Trade Review, London, 28 September 2018) Denmark’s EKF has signed an £800mn guarantee for Hornsea 1 in what it says is the largest wind financing that any public export credit agency has ever provided. Located off the coast of Yorkshire, UK, Hornsea 1 is currently being constructed by...
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2018/10/28
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Global Witness, London, 10 October 208) On the week that the Intergovernmental Panel on Climate Change has released its report on the scale of the challenge to limit the dangers of climate change, the near-simulanteous announcement of new UK Government support for oil and gas abroad has been...
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2018/09/30
Country: Germany
ECAs: Euler Hermes Deutschland AG
(Handelsblatt, Berlin, 24 September 2018) German engineering conglomerate Siemens is nearing a massive contract to boost Iraq’s power generation infrastructure. The deal is thought to be worth between €8 and €13 billion ($11.75 – $15.25 billion) and consists of numerous smaller projects. They...
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2018/09/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Arms Trade
(The Canary, London, 15 September 2018) UK Home Secretary Sajid Javid recently hailed the UAE’s important role and pioneering initiatives to promote international peace and security and combat extremism and terrorism. Javid’s comments come after the...
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2018/09/30
Country: Canada, China, Italy, Japan, South Africa, USA
ECAs: EXIM Bank China, Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining, Transparency
(Daily Maverick, Johannesburg, 3 September 2018) The Export Credit Insurance Corporation of South Africa (ECIC) uses public funds for international projects it chooses to invest in. Right now, the agency is considering lending a part of $14-billion needed by US energy company Anadarko for a...
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2018/09/30
Country: China, Iran, United Kingdom, USA
(Out-Law, London, 4 September 2018) A new UK authority called the Office of Financial Sanctions Implementation (OFSI) has been established to better inform businesses of the risks that arise from financial and trade sanctions that restrict trade and transactions with sanctioned persons,...
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2018/08/29
Country: Russia
Issue: Arms Trade
(VESTNIK, Moscow, 13 August 2018) Arms supplies on credit are a usual practice. Almost all countries involved in the sphere of military-technical cooperation practice it. The reasons for this may be different, but usually they are of purely political nature: this is the way a country that...
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2018/08/29
Country: France, Russia
Issue: Nuclear
(Trend News Agency, Baku, 24 August 2018) French CIFAL company is ready to help Uzbekistan in the development of nuclear energy noting they are ready to provide their technological solutions and share experience to train specialists of Uzbekistan in the field of nuclear energy. CIFAL plans to...
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2018/08/29
Country: Australia, Canada, France, Korea
ECAs: Export Development Canada, Export Finance and Insurance Corporation, Export Import Bank of Korea
Issue: Oil, Gas and Mining
(Global Trade Review, London, 22 August 2018) Peruvian miner Minsur has secured US$900mn in project financing for its Mina Justa copper mine. The lenders are: BBVA Continental, BBVA, Banco de Crédito del Perú, Crédit Agricole, Export Development Canada (EDC), Export Finance and Insurance...
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2018/08/29
Country: Netherlands, Turkey
(OECD Watch, Amsterdam, 20 August 2018) NCP finds company failed to do due diligence and breached the Guidelines at Turkey's Ilisu mega-dam. On 20 August 2018, the Dutch NCP released its...
more Dodgy Deal: Ilisu Dam
Issue: Human Rights, Large Dams, OECD, Transparency
2018/08/28
Country: Germany, Turkey, USA
Issue: Arms Trade, Corruption, Human Rights
(ECA Watch, Ottawa, 28 August 2018) When President Trump...
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2018/07/28
Country: Russia
Issue: Nuclear
(Sputnik International, Moscow, 13 July 2018) The construction work on the second unit of the Rooppur Nuclear Power Plant (RNPP), which is the first ever nuclear power plant for Bangladesh, is scheduled to be launched next Saturday. On July 8, the Bangladesh Atomic Energy Regulatory Authority (...
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2018/07/28
Country: France, Germany, Italy
ECAs: Euler Hermes Deutschland AG, SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(Azernews, New York, 28 July 2018) A presentation titled “Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline: A new energy Great Silk Road to provide access to reliable, sustainable and modern energy for all” was organized at the headquarters of the United Nations Development Program (...
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2018/07/28
Country: China, France, Germany, Iran, Russia, United Kingdom
Issue: Nuclear, Oil, Gas and Mining
(AFP, Vienna, 6 July 2018) Iran’s remaining partners in the 2015 nuclear deal vowed Friday to keep the energy exporter plugged into the global economy despite the US withdrawal and sanctions threat. Britain, France and Germany along with Russia and China met with Iran in Vienna to offer...
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2018/07/28
Country: France, Italy, United Kingdom
Issue: Arms Trade
(Bloomberg, Doha, 10 July 2018) Qatar is seeking to raise more than $4 billion from banks to finance the purchase of Eurofighter Typhoon combat jets, according to people with knowledge of the matter. The government is working with financial advisers on the deal that it is said will be backed by...
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