(Science X, Isle of Man, 5 December 2018) Even as China struggles to curb domestic coal-fired power and the deadly pollution it produces, the world's top carbon emitter is aggressively exporting the same troubled technology to Asia, Africa and the Middle East, an investigation by AFP has shown...
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2018/12/30
Country: Spain
ECAs: Compañía Española de Seguros de Crédito a la Exportación
Issue: Oil, Gas and Mining
(Southern Heald, 12 December 2018) State-owned petroleum company Petroperú has closed a US$1.3bn export credit agency-backed financing as part of its US$5bn Talara refinery modernisation project. Deutsche Bank acted as facility agent for the syndicate, which also involves BBVA, BNP Paribas,...
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2018/12/30
Country: Spain
ECAs: Compañía Española de Seguros de Crédito a la Exportación
Issue: Large Dams
(Global Trade Review, London, 30 November 2018) BBVA has granted a five-year €16.5mn loan to a hydroelectric project in Colombia with backing from Cesce, Spain’s export credit agency (ECA). The operation has been certified as “green” by consulting firm Aecom in line with the...
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2018/12/30
Issue: Oil, Gas and Mining
(Dunya News, Islamabad, 29 November 2018) Finance Minister Asad Umar on Thursday said the government is committed to improving the fundamentals of economy and achieving sustainable and balanced economic growth. The secretary also briefed the meeting about the economic reforms which the Economic...
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2018/12/30
Country: Turkey
Issue: Arms Trade
(Janes Defence News, London, 29 November 2018) The Philippines Department of National Defense (DND) has edged closer to a decision to procure the Turkish Aerospace Industries (TAI) T129 ATAK multirole combat helicopter to meet a long-standing requirement in the Philippine Air Force (PAF). The...
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2018/12/30
Country: USA
Issue: Aircraft
(American Machinist, Cleveland, 9 December 2018) Boeing is forecasting strong demand for new commercial airplanes will continue in 2019, with deliveries by major OEMs totaling about $143 billion, and growing to $180 billion by 2023. The commercial-aircraft market’s strong fundamentals also are...
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2018/12/30
Country: Canada
ECAs: Export Development Canada
Issue: Oil, Gas and Mining
(CBC News, Ottawa, 18 December 2018) The federal government is promising more than $1.6 billion — most of it in loans — to support the ailing energy sector, but it's unlikely to ease the heightened political tension between Ottawa and Alberta. Natural Resources Minister Amarjeet Sohi and...
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2018/12/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Arms Trade
(ABC News, Sydney, 13 December 2018) The Australian Government has approved the export of dozens of shipments of military items to Middle Eastern countries embroiled in the bloody Yemen war, a conflict dogged by accusations of war crimes and indiscriminate civilian killings. Australia is...
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2018/12/30
Country: China, USA
(Infrastructure News, Johannesburg, 3 December 2018) The battle for influence on the continent between Development Finance Institutions (DFIs) and Export Credit Agencies (ECAs) from China and the United States is set to heat up over the next decade in a fierce competition that could help Africa...
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2018/12/30
Country: China
Issue: BRIC countries, Debt, OECD, Transparency, World Trade Organization
(TFX News, London, 10 December 2018) Often priced at well below accepted market rates, Chinese official finance is a major hurdle to fair competition in the global export market. A growing number of governments are attempting to compete by circumventing OECD rules and blurring trade with aid....
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2018/12/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(EDIE, West Sussex, 3 December 2018) The [Parliamentary] Environmental Audit Committee (EAC) has launched an...
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2018/12/30
Country: Canada
ECAs: Export Development Canada
Issue: Human Rights, Transparency
(Globe and Mail, Toronto, 25 December 2018) Canada’s largest industry and trade association has asked the federal government to insure foreign investors against the risk their projects might be derailed by [mandatory] consultations with First Nations. The suggestion from Canadian Manufacturers...
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2018/11/28
(PV Magazine, Berlin, 27 November 2018) In a new report, BloombergNEF notes a significant uptake in renewable energy in developing countries, which are clearly outperforming OECD countries. The trend is due to reductions in equipment costs and new business models that enable access to capital....
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2018/11/28
Country: USA
ECAs: Export-Import Bank of the United States
(The Hill, Washington, 30 October 2018) Pollsters are predicting that Kavanaugh’s US Senate confirmation has galvanized Republicans and enhanced Senate Majority Leader Mitch McConnell's (R-Ky.) chances of retaining Senate control. For the last three years, and with little notice, McConnell has...
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2018/11/28
Country: Malaysia, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Oil, Gas and Mining
(Ekklesia, London, 16 November 2018) In the wake of the alleged murder of Jamal Khashoggi and international warnings on climate change, the UK Government is discreetly considering supporting a Saudi Arabian oil company with a petrochemical project. UK Export Finance (UKEF), the controversial...
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