(PortNews, Moscow, 21 Septeember 2015) The Dutch export credit agency is ready to finance shipbuilding projects in Russia, Jan Fijnekam, Customer Finance Manager at Damen Shipyards, said today, September 21, at the International Conference “Advanced port fleet - the basis of safety” organized...
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2015/09/30
Country: Canada, China, Japan, United Kingdom, USA
ECAs: EXIM Bank China, Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: BRIC countries
(Global Capital, London, September 2015) The stated aim of the China-backed Asian Infrastructure Investment Bank (AIIB), officially launched in June 2015, is to respond to a need for massive spending across Asia. But its creation has caused political controversy, with supporters arguing it...
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2015/09/30
Country: France
ECAs: COFACE
Issue: Climate Change, Oil, Gas and Mining
(FOE France, Paris, 30 September 2015) Today's publication of new criteria for coal-fired power plant financing by French bank Crédit Agricole suggests that the bank will be unable to finance the controversial €800 million Plomin C coal power plant in Croatia, campaign groups beleive. The...
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2015/08/29
Country: Italy
Issue: OECD
(TXF News, 20 August 2015) In a development that might raise a few eyebrows in the export finance world, Italian export credit agency (ECA) SACE has topped the ECA export finance table* in the first half of the year – according to TXF’s H1 Export Finance Report. Knocking the previously-...
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2015/08/29
Country: Germany
Issue: Activists demand end of massive OECD support for fossil fuels, Climate Change, Oil, Gas and Mining
(ClimateWire, 13 August 2015) In the northern Greek city of Ptolemaida, a new 660-megawatt power plant that burns lignite, a plentiful soft brown coal, is scheduled to be built by 2020. The European Investment Bank has withdrawn funding from the project because of its high CO2 emissions and...
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2015/07/29
Country: Italy, United Kingdom
ECAs: SACE S.p.A., UK Export Finance (UKEF)
Issue: Nuclear
(Reuters, Milan, 14 July 2015) A gradual lifting of sanctions against Iran could lift Italian exports to the Asian country by around 3 billion euros ($3.3 billion) in the next four years, Italy's export credit agency SACE said on Tuesday. Meanwhile, Britain's export credit agency...
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2015/07/29
Country: France
ECAs: COFACE
Issue: Climate Change, Oil, Gas and Mining
(Bellona Foundation, Oslo, 20 July 2015) Earlier this year the French government announced plans to withdraw credits for the construction of coal power plants in developing countries (‘export credits’). The French President noted that guarantees would only be granted to plants equipped with...
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2015/07/29
Country: China, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft
(TXF News, London, 17 July 2015) The UK export credit agency and HSBC have teamed to arrange the first ever offshore renminbi (RMB) financing for an aircraft purchase – in this case the sale of a new Airbus A330-300 passenger aircraft to China Southern Airlines. The transaction represents a...
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2015/06/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
(The Economic Voice, London, 18 June 2015) UK Export Finance, the UK’s export credit agency and a government department has laid its 2014-2015 annual report before...
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2015/06/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Arms Trade
(The Independent, London, 18 June 2015) Britain has guaranteed more than £130m in loans for repressive governments to spend on arms in the last year, new figures show. Indonesia already owes Britain £246m from historic loans, however this year the UK government has guaranteed a further £132m of...
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2015/06/30
Country: Italy
ECAs: SACE S.p.A.
(Global Trade Review, St. Petersburg, 15 June 2015) Sberbank of Russia and Italia export credit agency Sace signed a memorandum of understanding (MoU) during the St. Petersburg International Economic Forum... Despite the sanctions, Russia remains an important partner for Italy. Alessandro...
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2015/06/30
Country: Italy
ECAs: SACE S.p.A.
Issue: Oil, Gas and Mining
(Global Trade Review, Rome, 5 June 2015) Italian export credit agency Sace has guaranteed a line of credit worth US$200mn for Angolan national oil company Sonangol, GTR is able to confirm.The goal is to increase the export of goods and services between Italian companies active...
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2015/06/30
Country: Australia, France, USA
ECAs: COFACE, Export-Import Bank of the United States
Issue: Arms Trade
(Military Technologies, Singapore, 1 June 2015) Satellite operators on June 1 expressed concern that the U.S. Export-Import Bank and France’s Coface, the world’s two most-active export agencies (ECAs) in funding satellite projects, might reduce their support for the industry in light of the...
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2015/06/30
Country: Germany
ECAs: Euler Hermes Deutschland AG
Issue: Climate Change, Oil, Gas and Mining
In two separate news items this month, KfW IPEX-Bank of Germany brags about financing the world's largest, non-polluting clipper ship along with...
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2015/06/30
Country: Netherlands
ECAs: Atradius
Issue: Common Approaches
Member: Both ENDS
(One World, Amsterdam, 4 June 2015) Evicting people from their homes is a major human rights violation according to the UN Commission on Human...
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