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2006/11/06
(People's Daily Online, Beijing, 23 November 2006) The Russian government is keen to assist Indonesia in building its first nuclear reactor Russia's Ambassador said in Jakarta Thursday. The issue will be raised during a 1 December 2006 Moscow meeting between Indonesian President Susilo Bambang... more
2006/11/05
(ECA Watch, Paris, 28 November 2006) With world attention increasingly focussed on the climate impact of energy projects, dams, resource extraction, aircraft emissions and other infrastructure projects, many of which are supported by annual official export credits of US$104 Billion, OECD ECAs have... more
2006/11/04
(OECD, Paris, 3 November 2006) OECD Secretary-General Angel Gurría has welcomed the publication this week of the Stern Review to the UK government on the economic consequences of climate change. “I have already indicated to the UK government the OECD’s willingness to make further contributions to... more
2006/11/03
(WWF UK, Surrey, 9 November 2006) The ECGD provided over £2 billion in financing last year, primarily to support the supply of aircraft and hydrocarbon extraction. The ECGD currently has no clear recognition of its impacts on climate change or a strategy for reducing them.
2006/11/02
(EURODAD, Brussels, 3 October 2006) Norway's Government has, in effect, admitted that it's lending to 5 developing countries for the purchase of Norwegian ships between 1976 and 1980 was irresponsible and motivated by domestic concerns, rather than the development needs of the countries involved.... more
2006/11/01
(Projecto Gato, Ghent, 28 November 2006) On Friday 3 November 2006, lawyers for ONDD, Belgium's export credit agency, wrote to ECA Watch member Projecto Gato asking them to remove information on their web site to the effect that ONDD had approved coverage for a Jan de Nul dredging contract which is... more
Briefings & reports from ECA watch members
2006/10/17
An international workshop on Export Credit Agencies (ECAs) and their... more
Issue: Debt
Member: Both ENDS
An international workshop on Export Credit Agencies (ECAs) and their...
2006/10/12
(Miningmx.com, South Africa, 18 October 2006) The debt portion of a US $5.5 Billion coal mining and power station project in Botswana on the border with South Africa will likely be syndicated on a non-recourse basis to export credit agencies and banks. While offering potential industrial... more
2006/10/11
(Mineweb.com, London, 26 October 2006) Rheebu Nuu, a New Caledonian environmental group, has sought an injunction, on environmental grounds, to halt construction at CVRD-Inco's Goro nickel plant. The hearing, held Oct.25th, was adjourned until... more
2006/10/10
(AFRODAD, Harare, 19 October 2006) AFRODAD, a civil society organisation working to secure lasting solutions to Africa's mounting debt problem, hosted a successful workshop on ECAs and African debt in Yaounde, Cameroon on October 17-18, 2006. Interviews with participants appeared in the... more
2006/10/09
(Coastweek Newspapers, Kenya, 27 October 2006) The African Trade Insurance Agency (ATI), Africa's only multilateral import and export credit agency has held a two day trade and finance clinic in Lusaka, Zambia where they met various officials... more
2006/10/08
(ECA Watch, Paris, 30 Oct. 2006) OECD ECAs have frequently pointed to lax Chinese export credit standards as a reason to not tighten their own lending criteria in order to remain competitive. Increased attention is being paid to China's external environmental impact as well as to serious... more
2006/10/07
(People's Daily Online, 19 October 2006) Indonesia has agreed to purchase 6 submarines and other weapons from Russia following the offer of a US$1 Billion export credit. Russia surpassed the United States in 2005 as... more
2006/10/06
(Thanhnien News and INQ7 Networks, 28 & 20 October 2006 respectively) Vietnam Airlines and Philippine Airlines have announced plans to borrow some US$500 Million each to expand their fleets, with financing to come largely from export credit agencies.
2006/10/05
(European Parliament, 14 July 2006) Belgian MEP Bart Staes (Verts/ALE), tabled a question in the European Parliament asking whether this company might constitute an illegal subsidy under Article 87(1) of the EC Treaty.... more