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2006/09/05
(PRNewswire, 7 Sep 2006, Washington) The Export-Import Bank of the United States (Ex-Im Bank) has extended its offer to reduce exposure fees by a third on asset-backed financings of new U.S.-manufactured large commercial aircraft for buyers in countries that ratify and implement the Cape Town... more
2006/09/03
(Defense News, Paris, 12 September 2006) French company Armaris has tendered for four corvettes in Bulgaria, arranging for debt financing for the purchase with a pool of banks led by French bank Societé Générale, with repayment guaranteed by the Coface export credit agency.
ECAs: COFACE
2006/09/02
(MercoPress, Montevideo, 22 September 2006) Spain’s ENCE announced Thursday that Uruguay remains a “strategic” player for its pulp industry interests in spite of having cancelled the construction of a pulp mill until a new location is agreed with Uruguay. Ence was planning to build the mill with... more
Issue: Pulp and Paper
2006/09/01
(ECA Watch, Brussels, 27 September 2006) As OECD based ECAs debate revised environmental standards, 3 of them seem set to support one of the world's most controversial dams in Turkey which will displace tens of thousands of people, destroy a significant cultural heritage site and increase the... more
2006/08/11
(CENS, Taipei, 30 August 2006) With the imminent expiration of the transitional period for China’s WTO membership, and foreign exhange reserves about to pass US$1 Trillion, Chinese state banks have started to seek business opportunities due to their sense of crisis. With production greatly... more
2006/08/10
(OECD, Paris, 18 August 2006) The OECD has published the results of its latest questionnaire on ECA application of Common Approaches procedures, as of 4 August 2006.
2006/08/09
(Financial Times, London, 7 August 2006) The investigation by the UK Serious Fraud Office into an alleged Nigerian bribery scandal involving a Halliburton subsidiary is the latest twist in a case that exemplifies the lucrative, murky and highly political world of western oil interests in Africa. A... more
2006/08/08
(CNN MarketWire, Stockholm, 30 August 2006) Swedish Export Credit Corporation's (SEK) interim report for the first six months of 2006 shows operating profits of Skr 269.9 million (US$37.4 million) and volume of new customer finance... more
2006/08/07
(SwissInfo, Bern, 18 August 2006) A Swiss delegation will visit Turkey as the government ponders whether to underwrite a controversial dam project for the second time. Swiss ECA ERG officials will assess environmental and humanitarian objections to a proposed... more
2006/08/06
(Guardian, London, 4 August 2006) Shell has clashed with the Russian government over an oil project off Sakhalin Island which has already attracted the wrath of environmentalists and run way over budget. The latest setback comes days after Shell, BP and other western firms were hit by a back-tax... more
2006/08/05
(ECA Watch, Paris, 31 August 2006) A list of recently announced Category A projects for which a 30 day commentary period is open. ECA Watch is pleased to also provide links to a number of OECD... more
2006/08/04
(Both Ends, Amsterdam, 24 August 2006) On Monday August 21st Russia fully paid off some US$20 billion of its foreign debt to Paris Club members. 95% of Russia’s bilateral debt was export credit debt. Under WTO, OECD and EU regulations, all ECAs are legally required to break even in the long run,... more
2006/08/03
(PRNewswire, Baltimore, 22 August 2006) Atradius Credit Insurance N.V. and China Continent Property & Casualty Insurance Co. Ltd. (CCIC) today formally announced the signing of a cooperative agreement in China. Under the cooperative, domestic credit insurance will be offered in China by CCIC to... more
2006/08/02
The OECD's Working Party on Export Credits (ECG) is reviewing its Recommendation on Common Approaches to the Environment and Officially Supported Export Credits, with the hope of approving a new Recommendation at the end of 2006. NGOs led by ECA Watch have recommended substantial changes in the... more
2006/08/01
A number of articles have appeared linking the failure of BP's due diligence in Alaska's Prudhoe Bay pipeline corrosion to potential failure of the ECA supported BTC pipeline from the Caspian to the Mediterranean. ECA Watch asks, will the new OECD Common Approaches to be approved at the end of 2006... more