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2007/02/07
(ECA Watch) A special meeting of the Export Credit Working Group will be held in Paris on March 22nd and 23rd to continue negotiations of revisions to the Common Approaches on Environment... more
2007/02/06
(Eurodad, Brussels, 9 Feb. 2007) NGOs in the G7 countries have released a damning new report which argues that if the G7 is serious about corruption, good governance and transparency, it should apply these principles to illegitimate export credit debts being claimed by Canada, France, Germany,... more
2007/02/05
(Pambazuka, South Africa, 16 Feb. 2007) Two prominent leaders of groups being displaced by the Merowe Dam in Sudan, narrowly escaped an assassination attempt by dam security personnel on February 10th. The dam, funded by China's Ex-Im Bank... more
2007/02/04
(Various ECA Watch sources) The Swiss Government has approved a SFR 115 million (US$94.3 million) project credit for partial financing of the Yusufeli Dam and HydroElectric Power Plant (HEPP) project in Turkey. Meanwhile,... more
2007/02/03
(Bloomberg, London, 6 Feb. 2007) -- BP Plc's $3.9 billion Baku-Tbilisi- Ceyhan pipeline, a link that carries oil from the Caspian Sea to the Mediterranean, needs greater scrutiny to prevent corrosion and leaks, the U.S. Overseas Private Investment Corp. (OPIC) said. OPIC has not enforced a... more
2007/02/02
2007/02/01
(AP, Washington 5 Feb. 2007) - The Bush administration has not requested any funds in its fiscal year 2008 budget for an agency that supports U.S. exports, proposing instead that the Export-Import Bank rely on fees and other income to support its operations.
2007/01/12
(Yonhap, Seoul 29 January 2007) -- South Korea's state export insurer said Monday it plans to provide 88 trillion won (US$93.5 bilIion) of export insurance this year to protect local companies from the possibility of nonpayment by foreign buyers or currency concerns. Korea held the largest OECD ECA... more
2007/01/11
(AP, Washington, 7 January 2007) Since its creation in 1934, the Export-Import Bank has used public money as credit to help American companies compete for sales overseas against likewise subsidized foreign exporters. The agency has come under fire for failing to award at least 20% of its financing... more
2007/01/10
(Reuters, Ottawa, 8 January 2007) Canada has launched a challenge at the World Trade Organization against what it sees as trade-distorting subsidies and export credits the United States gives to its corn farmers.
2007/01/09
(Business Credit Management, London, 2 January 2007) Ratings agencies have upgraded the major insurance entities of Coface group, making it the highest rated credit insurer in the world. Coface is one of the world's largest credit insurers with an estimated 18% global market share and a leading... more
2007/01/08
(Financial Express, Washington 11 January 2007) The United States and Japan have agreed to develop a joint civil nuclear energy action plan that would include setting up new atomic power plants in the United States with Japanese financing.
2007/01/07
(IPP Media, London, 16 January 2007) TwoTanzanian business moguls have admitted they were secretly paid $12m, or 30% of the contract, by BAE, the UK`s biggest arms supplier, in a controversial deal in which Tanzania bought an obsolete military radar system. The UK Export Credits Guarantee... more
2007/01/06
(Embassy Magazine, Ottawa 17 January 2007) Canada's foreign missions in Africa are usually very helpful when exporters encounter difficulties. "Collecting bills is a not fun thing, but the commercial representative at the embassy, in most cases, would help a lot by pressuring a foreign government... more
2007/01/05
(AFRODAD, Harare, 29 January 2007) An international workshop on Export Credit Agencies (ECAs) and their role in the indebtedness and environmental degradation of Africa was held in Yaoundé, Cameroon on 17 and 18 October 2006. Research into the impact of ECA funding in Cameroon, Nigeria and Zambia... more