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2007/01/04
(ECA Watch, Paris, 31 January 2007) While ECA conditions for Turkey's Ilisu dam are kept secret, French ECA Coface has outlined it's conditions for the Yusufeli dam to NGOs so that a somewhat more open process of review of their adequacy is possible.
2007/01/03
(ECA Watch, Paris, 31 January 2007) Having approved financing for the Ilisu dam project in Turkey in December despite its failure to comply with international standards, Hermes, OeKB and ERG have to-date refused to release the environmental and social conditions they have asked Turkey to meet prior... more
2007/01/02
(ECA Watch, Paris, 31 January 2007) Legal action by UK NGOs and criticism by an OECD anti-bribery group has generated extensive news coverage of Prime Minister Blair's suppression of the Serious Fraud Office investigation of bribery in the export credit supported sale of fighter aircraft by BAE to... more
2007/01/01
(ECA Watch, Paris, 30 January 2007) The OECD has released it's 2005 ECA statistics only in PDF format and with some evident errors. ECA Watch is converting their material to Excel format to permit analysis of this data and... more
2006/12/11
(Halifax Initiative, Ottawa, 11 December 2006) The 23 projects featured on the map show wide temporal and geographic scope - showing that the incidence of Canadian mining projects associated with significant adverse social and environmental problems is far more widespread than the mining industry... more
2006/12/10
(San Diego Tribune, 7 December 2006) Faced with criticisms that the US Ex-Im Bank is the bank of Boeing, General Electric, Haliburton, Exxon, etc., the US Congress has approved changes to the U.S. export credit agency to make it more focused on small business.
2006/12/09
(PaperAge, Hingham MA, USA, 13 December 2006) - Spanish pulp, paper and wood products producer Ence yesterday announced a new location for its planned 500,000 ton per year pulp mill in Uruguay after Argentina complained it would harm tourism and the environment at its original site on the Argentina... more
ECAs: Compañía Española de Seguros de Crédito a la Exportación
Issue: Pulp and Paper
2006/12/08
(Mining Weekly, South Africa, 14 December 2006) Copper miner Equinox Minerals has signed a $583,8-million bank debt facility for the construction and development of Lumwana project, located in the north-western province of Zambia. The project debt facility would be provided by a syndicate of... more
2006/12/07
(ECA Watch, Paris, 19 December 2006) China continues to attract considerable attention in export credit circles. Despite the scepticism of OECD ECAs, who themselves are having difficulty agreeing on higher environmental standards, China's Ex Im Bank has expressed a commitment to protection of the... more
2006/12/06
(IRN, Berkeley, 8 December 2006) On December 8, ECA Watch member, the International Rivers Network, was invited to meet the President of the China Exim Bank in Beijing.
2006/12/05
(ECA Watch, Paris, 13 December 2006) Exxon, winner of the Worst EU Lobbying Award, has received US$1.76 Billion in US Ex-Im Bank and OPIC subsidies since 1995.
2006/12/04
(ECA Watch, Paris, 19 December 2006) At the annual general meeting of the Berne Union, an organization of private and governmental export credit and investment insurance agencies, members announced a total of $1 trillion in new business in 2005.
2006/12/03
(NZZ Online, Zurich, 15 December 2006) The Swiss government has agreed to underwrite the export risks of firms taking part in a Turkish dam project, but only if international standards are fully met. The proposed Ilisu dam in the southeastern province of Anatolia has provoked controversy because it... more
2006/12/02
(ECA Watch, Paris, 15 December 2006) In the 2006 Annual Report on the OECD MNC Guidelines, the Directorate for Financial and Enterprise Affairs of the OECD noted that thirteen out of 28 OECD Export Credit Agencies have failed to comply with their agreement of April 2003 to promote the Guidelines.
2006/12/01
(ECA Watch, 19 December 2006) The UK's Serious Fraud Office has closed its corruption investigation into an ECGD guaranteed British defence contract with Saudi Arabia. ECA Watch members CAAT and the Cornerhouse are exploring the possibility of taking legal action against the decision.