(AFP, Vienna, 6 July 2018) Iran’s remaining partners in the 2015 nuclear deal vowed Friday to keep the energy exporter plugged into the global economy despite the US withdrawal and sanctions threat. Britain, France and Germany along with Russia and China met with Iran in Vienna to offer...
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2018/07/28
Country: China, France, Germany, Iran, Russia, United Kingdom
Issue: Nuclear, Oil, Gas and Mining
2018/07/28
Country: France, Italy, United Kingdom
Issue: Arms Trade
(Bloomberg, Doha, 10 July 2018) Qatar is seeking to raise more than $4 billion from banks to finance the purchase of Eurofighter Typhoon combat jets, according to people with knowledge of the matter. The government is working with financial advisers on the deal that it is said will be backed by...
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2018/07/28
Country: Australia, India
ECAs: Export Finance & Insurance Corporation Australia
Issue: End Coal Financing
(The Australian, Sydney, 29 June 2018) Protesters worried about potential taxpayer funding of Adani's mega-mine in central Queensland have picketed the Sydney offices of Australia's export credit agency. About 40 Frontline Action on Coal activists on Friday demanded to meet with the boss of the...
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2018/07/28
Country: Netherlands, USA
Issue: Climate Change, Human Rights, Oil, Gas and Mining, Transparency
Member: Bank Track
(Tampa Bay Times, Bismark, 26 July 2018) A federal judge has ruled that the developer of the Dakota Access oil pipeline has no claim under federal racketeering law for damages against a Dutch environmental group that urged banks not to finance the $3.8 billion project. U.S. District Judge Billy...
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2018/07/27
Country: USA
ECAs: Export-Import bank of the United States
(Space News, Washington, 19 July 2018) Kimberly Reed, President Trump’s latest nominee to chair the Export-Import Bank of the United States, received a warm reception during a July 19 Senate hearing, indicating a much stronger chance for her confirmation than Trump’s initial pick, Scott Garrett...
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2018/07/27
Country: Canada, France, Germany, United Kingdom
ECAs: COFACE, Euler Hermes Deutschland AG, Export Development Canada, UK Export Finance (UKEF)
Issue: Aircraft
(Daily Monitor, Kampala, 24 July 2018) Uganda hurriedly firmed up plans to revamp the country’s defunct airline in March 2019, after signing a purchase agreement for four Canadian Regional Jets 900 series, while at the Farnborough airshow in the United Kingdom. Uganda also signed a memorandum...
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2018/07/27
Issue: Common Approaches, Human Rights, OECD
(UN Human Rights Council, Geneva, 2 May 2018) The report, prepared pursuant to Council resolutions 17/4 and 35/7 for discussion at its 18 June to 6 July 2018 meetings, examines the duty of States to protect against human rights abuses by business enterprises, including export credit agencies,...
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2018/07/27
Issue: Common Approaches, European Union, Human Rights, OECD
Member: Corner House, Re:Common
(European Ombudsman, Brussels, 17 July 2018) Following a complaint launched by ECA Watch members, the European Ombudsman has determined that the European Commission wrongly decided not to carry out a human rights impact assessment before agreeing to the 2015 Sector Understanding on Export...
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2018/07/27
Country: Netherlands
ECAs: Atradius
Issue: Human Rights, Transparency
Member: Both ENDS
(Both Ends, Amsterdam, 28 June 2018) Following years of advocating with the Dutch export credit agency Atradius Dutch State Business (ADSB) to establish a complaints mechanism, and following active discussions between a number of Dutch NGOs and the Dutch ECA in recent months, ADSB has published...
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2018/07/24
Issue: End Coal Financing, Oil, Gas and Mining
(Oil Change International, Washington, 23 July 2018) Each year, approximately $20 billion from government-backed financial institutions around the world flows to energy projects in Africa. According to a new analysis by Oil Change International, nearly 60 percent of this finance from 2014...
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2018/06/30
Country: Iran, USA
Issue: European Union, Human Rights, Nuclear
(Wall Street Journal, Washington, 6 JUne 2018) Senior European officials conceded in a letter to the Trump administration that their efforts to save the Iranian nuclear accord by maintaining major trade, investment and export credits with Tehran are buckling in the face of planned U.S....
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2018/06/30
Country: Germany, Iran
ECAs: Euler Hermes Deutschland AG
Issue: European Union, Nuclear
(Financial Tribune, Tehran, 17 June 2018) The German government has set up a special office to advise companies worried about their business dealings with Iran amid fears they will be targeted for US sanctions. The European signatories to a 2015 nuclear agreement with Iran—Germany, France and...
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2018/06/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Transparency
(Bridging & Commercial, London, 21 June 2018) UK Export Finance (UKEF) has revealed that it helped UK exporters – 77% of which were smaller businesses – secure sales to over 75 countries during the financial year 2017/18. In its annual report and accounts, the UK’s export credit agency...
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2018/06/30
Country: South Africa
(African Independent, Cape Town, 27 June 2018) The African Export-Import Bank and the Export Credit Insurance Corporation of South Africa have launched a $1 billion trade and investment programme expected to boost business between South Africa and the rest of the continent. The programme will...
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2018/06/30
Country: Russia
Issue: Oil, Gas and Mining
(Energy Reporters, Istanbul, 20 June 2018) Russian state-run gas monopoly Gazprom has committed to invest US$1.2 billion in exploration and production at the Vitiacua onshore field in southern Bolivia. “This contract will mean an investment by Gazprom of US$1.2 billion, the drilling of two...
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