Asia and the Pacific

Lawsuit Launched Against Multi-billion-$ U.S. Ex-Im Subsidy of Fossil Fuel Projects in Australia

 Lawsuit Launched Against Multi-billion-$ U.S. Ex-Im Subsidy of Fossil Fuel Projects in Australia(Pacific Environment, San Francisco, 2 August 2012) Three conservation groups initiated a legal challenge on August 2nd to the U.S. Export-Import Bank's nearly $3 billion in financing for two massive coal seam fossil-fuel facilities in Australia's Great Barrier Reef.

Indian ECA ECGC expects more claims as EU crisis continues

 Indian ECA ECGC expects more claims as EU crisis continues(SME Times, New Delhi, 29 August 2012) India's state-owned export credit insurer ECGC has expressed concern that the number of claims against insurance cover is likely to rise in the coming months due to the ongoing Eurozone crisis, resulting in higher costs. "This year the Eurozone affect is still there and we have to pay higher claims in the current year or year after that.

Russia agrees to US$3.4 billion export credit for 2 Indian nuclear power plants

(Times of India, New Delhi, 17 July 2012) Russia has agreed to extend a USD 3.4 billion export credit for setting up of two more 1,000 MW atomic power plants at the same site in Tamil Nadu. The two nations signed a protocol on Tuesday in Moscow for financing units 3 and 4 of the Kudankulam Power Project under which the Russian Federation will extend export credit for 85 per cent of the value of works, supplies and services provided by the Russian organisations for the two units.

The Community Good - a report on the Influence of the ECA supported PNG LNG Project

(Oxfam Australia, Melbourne, 12 May 2012) A recent joint research project conducted by Oxfam, ChildFund Australia, Jubilee Australia, Melanesian Institute, UnitingWorld, PNG Church Partnership Program, and the National Centre for Peace and Conflict Studies at the University of Otago - examines the influence of the PNG liquid natural gas Project (LNGP) in the Hela region of Papua New Guinea, including the immediate social changes and impacts associated with the LNGP.

Pakistan's Board of Investment to establish export credit fund to attract Italian investors

(Daily Times, Islamabad, 21 July 2012) Pakistan's Board of Investment (BoI) is working to establish an Export Credit Fund (ECF) for Italian investors for the expansion of their businesses in Pakistan. Italy's Ambassador said despite the security situation they find Pakistan an attractive market and would increase liaison with concerned organisations in Pakistan to look into possibilities in all sectors of interest such as power generation and offshore gas, coal, infrastructure and pharmaceuticals...