(ECA Watch, Ottawa, 30 October 2017) French ECA BPI has announced a €350 million guarantee contract with TechnipFMC for the development of the controversial $27 billion Yamal LNG project in Russia's far north. German Japanese,...
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(Quwa Defence News, Qatar, 10 October 2017) As part of its letter-of-intent to acquire 24 Eurofighter Typhoon fighter aircraft, Qatar also requested six Hawk trainers from BAE. In regards to the prospective Qatari order, BAE Systems added that it is in negotiations with Doha, which – if...
more(ARKA, Yerevan, 12 October 2017) At its regular Thursday meeting, the Armenian government okayed a proposal to sign a $100-million loan agreement with Russia to purchase defense armaments. In accordance with the agreement, Russia will provide an export credit loan to Armenia for financing...
more(Global Trade Review, London, 11 October 2017) Italian engineering, procurement and construction (EPC) contractor Sicilsaldo has secured an €80mn contract for a gas pipeline project in Mexico, with the backing of Italian export credit agency Sace. “Sace has backed 80% of the €80mn”, a...
more(Quartz Media, New York, 11 October 2017) US president Donald Trump’s plans to slash the American government’s overseas spending has led to a rash of speculation that China could emerge as a new “global leader” on everything from free trade to the world’s fight to combat climate change,...
more(Reinsurance News, Brighton, 5 October 2017) The agreement supports a framework for reinsurance underwriting between NEXI and UKEF, and enables cooperation between the pair in relation to the export of Japanese products via a reinsurance transaction that also involves UK exporters. "When a...
more(Banking Technology, London, 19 October 2017) Amid the hype around distributed ledger technology and blockchain it can seem they are technologies looking for solutions. Trade finance is a complex, paper-based activity. It encompasses lending, issuing letters of credit, factoring, export credit...
more(Specialist Banking, London, 29 October 2017) UK Export Finance (UKEF) – the UK’s export credit agency – has launched a new partnership with five major high street banks, Barclays, HSBC, Lloyds, RBS/NatWest & Santander, enabling smaller businesses to access millions of pounds in government...
more(Devex, Washington, 27 October 2017) This summer, the British Conservative Party, through their manifesto and the pages of the Daily Mail, issued the OECD DAC — a multilateral group of donors that sets the definition of aid — an ultimatum: allow us to widen the definition [of aid] to include...
more(Lexology, London, 24 October 2017) An intergovernmental working group mandated to draft a new international legal instrument to regulate the activities of transnational corporations in relation to human rights is holding its third meeting in Geneva this week. Negotiations for a business and...
more(Mining Technology, London, 3 October 2017) GoviEx Uranium has received expressions of interest from export credit agencies and project finance banks to arrange $220m of senior debt financing for the construction of the Madaouela uranium project in Niger. Conditions for the debt financing...
more(FOE US, Washington, 16 October 2017) Although at least seven major countries — including Canada, France, and Germany — have made commitments to phase out coal power domestically, their export credit agencies, or ECAs, have poured money into coal plants and other fossil fuel projects in other...
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