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2005/11/09
(BCM, UK, 3 November 2005) During an official State visit, Atradius Dutch State Business (Atradius DSB) signed a co-operation agreement with Russia's Sberbank in the presence of both President Putin and Dutch Prime Minister Balkenende. The agreement will create a framework between Russia’s largest... more
2005/11/08
(Novosti, Beijing, 2 November 2005) Russia's major state-owned savings bank, Sberbank, has asked several Chinese banks for loans to finance large investment projects in Russia. Earlier this year, the bank signed an agreement with Sinosure, China's only export credit insurance corporation. The deal... more
2005/11/07
(Berne Union, London, 6 October 2005) The members of the International Union of Credit and Investment Insurers known as the Berne Union, released record figures for 2004 today. A surge in new business sent total ECA volumes rising by 21% to an all time high of US$788 billion.
2005/11/06
(Economic Times, New Delhi, 8 November 2005) The National Hydroelectric Power Corporation Limited would get a concessional loan of Rs 450 crore (US98.4 million) from French export credit insurance agency Coface to import equipment for the 2,000 MW Subansiri Lower hydro project in Arunachal Pradesh.
2005/11/05
(Peoples Daily Online, Beijing, 27 October 2005) At the 4th Meeting of Prime Ministers of the Member States of the Shanghai Cooperation Organization (SCO) in Moscow, China announced 900 million dollars in preferential export buyer's credits. The... more
2005/11/04
(Vietnam News Agency, Jakarta, 28 October 2005) The Indonesian navy will proceed with its plan to purchase four Dutch corvettes at a cost of 1.9 billion USD, Admiral Slamet Soebijanto, Navy Chief of Staff, has said.
2005/11/03
(Dow Jones, London, 27 October 2005) A senior executive of a Royal Dutch Shell PLC-led joint venture on Russia's Sakhalin Island offered $50,000 in cash payment as part of land rental negotiations, a local mayor told Dow Jones Newswires. Sakhalin Energy Investment Co. Ltd., the company involved,... more
2005/11/02
2005/11/01
(Financial Express, 21 October 2005) Britain's ECGD has shown little inclination to follow up allegations that a client agreed to pay $170m of bribes to secure billions of dollars of work on a giant Nigerian gas plant. The Commission for Africa set up and chaired by Mr Blair to devise an agenda for... more
2005/10/13
6 Oct. 2005, Int'l Rivers Network, Berkeley, CA USA: The two biggest public banks in Europe, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), have announced that they will take into account the international standards for dam-building set by the... more
2005/10/12
15 Oct. 2005, Amis de la Terre, Paris: On May 3, 2005, Friends of the Earth France organized a colloquium on "Public Support for Sustainable Development Exports: How to respond to demands for transparency and coherence?" with Senator Mme Dominique Voynet. For those who read French, the minutes and... more
2005/10/11
26 Sept. 2005, Manila Standard, Berlin: Top officials of the Philippine National Police are considering to purchase firearms and equipment from Warsaw, tapping a $140 million export credit line under the Philippines-Poland trade agreement. [Note: 80% of the UK's ECGD export credit portfolio goes to... more
2005/10/10
4 Oct. 2005, BBC, UK: A $20bn oil and gas project in Russia (originally $10bn) faces a crucial funding decision amid running concerns over its effect on the endangered western Pacific gray whale. Two stories covered this issue, with both the... more
2005/10/09
10 Oct. 2005, RBC News, Moscow: Russia is proposing to merge Vnesheconombank and Roseximbank into a governmental specialized import and export bank. Meanwhile,... more
2005/10/08
18 Oct. 2005, Eurodad, Brussels: Nigeria's external debt, mainly owed to ECA's, will be the subject of Paris Club negotiations on October 18th 2005. It appears that only 60% of this debt will be written off, as compared to 80% in the case of Iraq. This raises many questions about the political... more