Publications Index
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2008/04/08
(BBJ.hu, 17 April 2008, Budapest) The European Commission said Thursday that a planned scheme for providing short-term export credit guarantees to Hungarian SME exporters and their foreign clients is incompatible with EU rules as risks covered by the guarantees are too wide and give Hungarian... more
2008/04/07
(AFP, 17 April 2008, Johannesburg) South Africa has waived Cuban debt totalling more than 100 million dollars. The 926.8-million-rand (117-million-dollar/ 73-million-euro) debt was owed for insurance cover provided by the Export Credit Insurance Corporation of SA for the export of diesel engines... more
2008/04/06
(Business Wire, 17 April 2008, Moscow) The State Corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank, Russia), COFACE, a French export credit agency, and SACE, an Italian export credit agency signed a Joint statement on the establishment of an export credit financing... more
2008/04/05
(Air Finance Journal, April 2008, London) Export credit loans cover 85% of the aircraft’s value. This type of finance is extremely important during a downturn when many banks stop lending.
Issue: Aircraft
2008/04/04
(Financial Express, 23 April 2008, New Delhi) Indian Prime Minister Manmohan Singh indicated during last July’s G-8 Summit in St Petersburg that he wanted to force the pace of Indo-Russian cooperation. Amongst the factors inhibiting trade are credit risk, the high cost of India`s Export Credit... more
2008/04/03
(AKI, 11 April 2008, Rome) Ahmad Rafat - Italy's export credit agency Sace, which insures the activities of Italian enterprises in foreign markets, has stopped issuing policies to companies seeking to operate in Iran. Sace which has a scale of one to seven to measure risk, has placed Iran in the... more
2008/04/02
(Halifax Initiative, 30 April 2008, Ottawa) On April 7, 2008, John Ruggie, Special Representative to the United Nations Secretary-General on human rights and transnational corporations (SRSG), submitted his final report to the Human Rights Council (HRC) for consideration when it meets on June 2-13... more
Issue: Human Rights
2008/04/01
(The Corner House, 24 April 2008, Dorset) The High Court today formally quashed the Serious Fraud Office (SFO) decision to drop its corruption investigation into arms deals between BAE Systems and Saudi Arabia. This follows the Court's ruling on 10th April that the SFO, acting on government advice... more
Letters & statements
2008/03/19
(March 19, 2008) Joint Call to halt Ilisu Dam Development on the Occasion of the International Day of Action Against Dams and for Rivers, Water and Life 14 March 2008.
Dodgy Deal: Ilisu Dam
Issue: Large Dams
Member: Both ENDS, Corner House, Finance & Trade Watch, FERN, Above Ground, Les Amis de la Terre, , urgewald
2008/03/07
(finchanel.com, T'bilisi, 5 March 2008) FINANCIAL -- POWER Engineers, Inc., an engineering consulting firm based in Hailey, Idaho, is exporting $4.86 million of procurement, design and engineering services for a geothermal power project in Turkey, backed by a 15-year loan guarantee from the Export-... more
2008/03/06
(Gas World, Cornwall UK, 10 March 2008) With costs skyrocketing around the globe, the Total-led consortium developing the Yemen LNG project is believed to be seeking investors for help with ballooning capital expenditures for the facility, which have now reached up to $4bn. The $1.44bn loan will be... more
2008/03/05
(Breaking News, Post of Spain, 18 March 2008) Trinidad and Tobago has awarded a contract to Austal Ships PTY Limited for six fast coastal patrol craft. The vessels and associated services will be financed by the Australian and New Zealand Bank (ANZ) as well as by the Export Finance and Insurance... more
2008/03/04
Changes in Dutch legislation have been proposed to the Dutch parliament that will change the status of the State from issuing reinsurances, into an agency itself directly issuing export credit insurances which appears to Atradius DSB will in future have to compete in bidding processes with other... more
2008/03/03
(ECA Watch, Paris, 30 March 2008) Last September we reported on a Filipino Senate inquiry into alleged kickbacks in a now cancelled US$394 million telecommunications contract... more