A. Review of the Common Approaches on Environment and export credits
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2006/10/01
(Forbes, Brussels, 24 Oct. 2006) The European Commission confirmed it is launching an in-depth investigation into the guarantee that French government [export credit] insurer Coface has given... more
2006/09/29
Issue: Debt, OECD
(ECA Watch, Paris, 29 September 2006) The OECD's Export Credit Group (ECG) agreed in July 2001 to a Statement of Principles designed to discourage the provision of...
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Briefings & reports from ECA watch members
2006/09/27
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more Dodgy Deal: Ilisu Dam
Issue: Common Approaches, European Union, Large Dams
Member: FERN
Briefings & reports from ECA watch members
2006/09/15
Issue: Human Rights
Member: Corner House
(September 15, 2006) This paper by Nick Hildyard of the Corner House gives recommendations on how to address deficiencies in current ECA policy with regard to consultation and participation and argues that affected communities and indigenous peoples must be recognized as rights...
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2006/09/09
(Defacto, Yerevan, 22 September 2006) In a move that demonstrates the potential geopolitical impact of ECA financing, the US Senate Banking Committee has added an amendment to the Export-Import Bank Reauthorization Bill which would prohibit American involvement in a proposed Caucasus railroad... more
2006/09/08
(EDIE, UK, 13 September 2006) The European Bank for Reconstruction and Development should not give the controversial Sakhalin oil and gas project its blessing - or its cash - according to the... more
2006/09/07
.(Reuters, New York, 22 Septmeber 2006) - Swedish Export Credit Corp. sold $1 billion in five-year global notes on Friday, joint lead manager Barclays Capital said.
2006/09/06
(WSJ, Washington, 15 September 2006) - The Wall Street Journal reports that the G7 was to warn China at meetings in Singapore September 23-24 not to overload poor countries in Africa and elsewhere with high-interest trade finance loans. US Treasury Under-secretary for International Affairs Timothy... more
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.