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2009/06/09
(ECA Watch, Ottawa, 29 June 2009) In the wake of the Paris air show, a large number of articles have appeared this month highlighting the role of ECAs in the financing of commercial aircraft sales. We summarize and link a number of them here.
2009/06/08
(World Latest News, Brussels, 3 June 2009), The Belgian Export Credit Agency (ONDD) said Wednesday that the landslide victory of the Congress-led United Progressive Alliance (UPA) in India is “positive news as the new government is expected to be more stable and more efficient”. However, challenges... more
2009/06/07
(International Rivers Network, Berkeley, June 2009) Western financiers are not building as many dams as they used to. Now, more and more dams around the world are being built by Chinese institutions, with many of them financed by China's Export Import Bank. China's overseas dam industry is now... more
2009/06/06
(Guardian, London, 3 June 2009) Green energy overtook fossil fuels in attracting investment for power generation for the first time last year, according to UN figures released today. Wind, solar and other clean technologies attracted $140bn (£85bn) compared with $110bn for gas and coal for... more
2009/06/05
(Corner House & CAAT, 8 June 2009) As noted last month, the Corner House and Campaign Against the Arms Trade have now written the OECD Export Credit Working Group and Working Group on Bribery urging them to... more
2009/06/04
(Telegraph, London, 6 June 2009) The UK Business Secretary and First Secretary of State and Lord President of the Council, has proposed the most significant reform of the Export Credit Guarantee Department's (ECGD) remit in almost 20 years and will prove controversial given the agency's role in... more
2009/06/03
(IFC, Washington, 8 June 2009) The World Bank's IFC, in conjunction with private banks KfW-IPEX, Unicredit Group, Northstar Trade Finance Inc. of Germany, Austria and Canada respectively, is proposing to supply $US300,000 of the $US1.5 million set-up costs of the Global ECA Finance Ltd. likely to... more
2009/06/02
(ECA Watch, 12 June 2009) Despite essentially no public consultation or disclosure of proposals at either the OECD or national levels, Participants in the Arrangement began renegotiating the renewal of financial incentives on June 15th for so-called renewable energy and nuclear energy incentives... more
2009/06/01
(Environmental Finance, London, 25 June 2009) Germany, Austria and Switzerland are to withdraw their export credit guarantees for Turkey’s Ilisu dam project, jeopardising the project’s future, according to a report last Friday from the German newspaper... more
2009/05/14
(CAAT, London, 29 May 2009) BAE's arms deals with Saudi Arabia which have been underwritten by the UK's Export Credits Guarantee Department (ECGD) for more than two decades have been terminated by BAE. The contracts (known as the Al Yamamah agreements) have been highly profitable for the company... more
2009/05/13
(Bloomberg, Washington, 27 May 2009) Cargill Inc., Archer Daniels Midland and Bunge Ltd. are benefiting from the most government support for farm exports since 1992 as the U.S. steps up loan guarantees for foreign buyers unable to get credit.
2009/05/12
(Business Credit Management, Istanbul, 18 May 2009) As national governments and the international community respond to the world economic crisis, Berne Union members, key players in maintaining international trade and investment, gathered in Istanbul, Turkey, to reaffirm the importance of credit ... more
2009/05/11
(Ratio Magazine, Nairobi, 6 May 2009) The African Trade Insurance Agency (ATI) has opened an office in Kampala, where it will offer customised political risk, credit risk and export credit insurance products in the local market. ATI is embarking on an expansion strategy to support up to US$1... more
2009/05/10
(Telegraph, London, 11 May 2009) Banks' reluctance to help businesses trade overseas has prompted the Government to propose using public money in new ways to provide the necessary export insurance and finance.
2009/05/09
(Dow Jones, Brussels, 6 May 2009) The European Commission has approved a Danish scheme to provide export credit insurance aimed at limiting the effects of the global economic downturn on Denmark's exporters. "The measure requires market-oriented remuneration and concerns insurance cover currently... more