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The race to accelerate the energy transitionThe coronavirus pandemic has shone a spotlight on many things. But most importantly, the stronger focus on the energy transition from governments, financiers, and project sponsors has fuelled a race around the world towards the realisation of the UN’s SDGs.READ MORE
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GNA II: Brazil’s private sector promiseThe GNA II LNG-to-power project and its sole financier - BNDES - promised to incubate private sector investment in large-scale project financings in Brazil. However, the card of pure commercial bankability is still some way off for such schemes.READ MORE
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Export finance: 2020 year-end reviewExport Credit Agencies (ECAs) have proved robust amid the economic bulldozer that is the Covid-19 pandemic, and the product has never been in greater use with applications for cover ballooning. But ECAs are also becoming more risk averse as the pandemic shows no clear end in sight.READ MORE
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A small ECA with big plansWhile EXIM Hungary is not one of the largest ECAs globally in terms of portfolio size or capital capacity, the Hungarian ECA makes up for its lack of size with its variety of products, including its international activities, special operating framework and the significance and breadth of its role. EXIM Hungary is also active in the real economy and in terms of international financial policy. TXF spoke to the ECA's International Chief Officer, Gabor Szocs.READ MORE
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ECA support for mining gets smaller – but smarterECAs are playing a growing role in the financing of small, strategic-commodity mining projects – even coming in alongside royalty providers in deals where they might not be treated equally in a foreclosure or default situation.READ MORE
Gunvor raises biodiesel borrowing base benchmark
Gunvor’s oversubscribed biodiesel borrowing base has revealed significant lender support for the backing of cleaner products in line with the energy transition. But, with the handful of biggest traders attracting plenty of debt, and SMEs struggling to secure such volumes of financing, the already large funding gap at the lower end of the commodity trade finance market is set to widen.