(Sherrod Brown, Washington, 10 February 2022) U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, applauded Reta Jo Lewis’ confirmation as President of the Export-Import (EXIM) Bank. Lewis was confirmed by a vote of 56-40. Lewis...
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2022/02/28
Issue: Debt
(This Day Live, Lagos, 10 February 2022) The African Continental Free Trade Area (AfCFTA) Secretariat and the African Export-Import Bank (Afreximbank), yesterday in Cairo, signed an agreement on the management of the AfCFTA Adjustment Fund (ADF) that would require $10 billion over the next five...
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2022/02/28
Country: Germany, Russia
ECAs: Euler Hermes Deutschland AG
Issue: Human Rights
(Wall Street Journal, Berlin, 25 February 2022) Berlin has stopped the approval of export credit and investment guarantees for Russia, the Economy Ministry said. With the so-called Hermes cover credit export guarantees, the German government protects companies against the insolvency of foreign...
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2022/02/28
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables, Transparency
(TXF News, London, 2 February 2022) The volume of sustainable deals within the export finance sector is growing. But to take this forward positively across all industrial sectors requires a sensible debate with a clear pathway to ensure business is not lost. Widespread sustainability within...
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2022/02/28
Country: Italy
ECAs: SACE S.p.A.
Issue: Debt, Transparency
(Reuters, Rome, 25 January 2022) Italy approved a long-awaited decree needed for the Treasury to buy credit insurance agency SACE from state lender Cassa Depositi e Prestiti (CDP) in a deal expected to be worth around 4.25 billion euros ($4.81 billion). The Treasury wants to directly control...
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2022/02/28
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
(Perspectives Climate Group, Freiburg, 15 February 2022) Perspectives Climate Group has launched a new 41 page report which finds that despite commitments made at and after COP26, Export Development Canada's activities are not aligned with the Paris Agreement's 1.5 degree objective. In total,...
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2022/02/28
Country: Canada
ECAs: Export Development Canada
(New Age Business, Dhaka, 8 February 2022) The governments of Bangladesh and Canada are working on signing a free trade agreement and a foreign investment promotion and protection agreement to increase bilateral trade between the two countries. Masud Rahman, president of the Canada-Bangladesh...
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2022/02/28
Issue: Climate Change, Oil, Gas and Mining
Member: Bank Track
(NationofChange, Costa Mesa CA, 8 February 2022) Campaigners have for years opposed the proposed pipeline and associated oil projects. They say that EACOP – which is set to be electrically heated to keep the oil at the right temperature – would cut through vital rivers and forest ecosystems. If...
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2022/02/28
Country: India
Issue: Human Rights
(Deccan Chronicle, Secunderabad, 28 February 2022) The Export Credit Guarantee Corporation (ECGC) [of India] has decided to withdraw coverage for shipments to Russia with effect from February 25. ECGC in a communication had said: "based on the near-term commercial outlook, it has been decided...
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2022/02/28
(Construction Review, Nairobi, 7 February 2022) AfreximBank Trade Centre will house the bank’s southern Africa regional office, that it is part of a bigger strategic plan to transform the bank’s regional offices and headquarters into a network of AATCs. The entire project cost is now estimated...
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2022/01/31
Issue: Corruption, OECD
(OECD, Paris, 28 January 2022) The health, economic and social crisis triggered by the pandemic created new opportunities for integrity violations and corruption to thrive, prioritising integrity in governance like never before. How can we renew governance, business, development aid, anti-...
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2022/01/31
Country: China
ECAs: Sinosure
(Global Times, Beijing, 12 January 2022) China's cabinet, on Tuesday called for efforts to ensure domestic supplies of commodities, as part of guidelines to stabilize exports and imports as a countercyclical buffer against uncertainty clouding the trade landscape. Presently, the country's...
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2022/01/31
Country: China, USA
Issue: Human Rights
(Epoch Times, New York, 10 January 2022) Commentary: Thomas McArdle - While it’s bad enough that President Joe Biden has nominated in Reta Jo Lewis a longtime, committed appeaser of the oppressive, genocidal, and expansionist People’s Republic of China to chair the Export-Import Bank of the...
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2022/01/31
Country: Russia
Issue: BRIC countries
(Asharq Al-Awsat, London, 27 January 2022) The Arab Investment and Export Credit Guarantee Corporation (Dhaman) said it is ready to boost trade and investment cooperation between Arab states and Russia through its diverse insurance, information and research services. This came in a worksheet...
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2022/01/31
Country: Italy, United Kingdom
ECAs: SACE S.p.A., UK Export Finance (UKEF)
(Jersey Evening Post, St Helier, 12 January 2022) The UK and Italy have started discussions on a new export and investment partnership aimed at boosting trade between the two countries, the International Trade Secretary announced. Italy is the world’s eighth-largest economy and trade between...
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