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21 October 2016
in
Infrastructure, Oil & gas, Power, Renewables, Transport

Russia heats up Cuban trade ties with $4bn financing

In a sign that trade relations between Russia and Cuba are stepping up, Russia's ECA, EXIAR, has agreed to guarantee the bulk of a $4 billion finance agreement for Cuban...

19 October 2016

Exporter Survey ‘16: Diminished risk appetite causes bank performance slump

Exporters have reduced their ratings of banks in 2016 following a challenging year in the industry as the regulatory burden takes its toll. Diminished results across key...

19 October 2016
in
Infrastructure, Power, Renewables, Transport

Coface, Cesce power Dubai Metro as ECAs eye UAE infra push

ECAs will be key to the UAE 2021 Vision infrastructure investment programme as commercial bank liquidity feels the pinch from low oil prices.

17 October 2016
in
Metals and Mining, Power

ECAs and NGOs clash over UN’s Green Climate Fund

The UN’s Green Climate Fund (GCF) has been urged by a letter from 92 NGOs to blacklist coal-funding ECAs from its funds. However, one market observer says ECAs should not...

14 October 2016

European ECAs propel the future of wind farm projects

In recent years, European ECAs and development institutions have been playing an increasing role in financing wind farm projects around the world. Their involvement is...

13 October 2016
in
Agri/Soft Commodities, Infrastructure, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

UPDATE: Floating rate not CIRR undercutting export finance market, says US Ex-Im senior exec

Direct lending by ECAs based on floating interest rates, rather than the CIRR equivalent, is the source of export finance bankers' discontent, says a US Ex-Im senior...

12 October 2016
in
Infrastructure, Transport

EDC flouts Angola risk for landmark locomotive deal

Despite the economic uncertainty in Angola, EDC has agreed a financing for the country which will contribute to the completion of one of the final steps to opening a new...

11 October 2016

Vitol closes $8bn RCF despite revenue plunge

The RCF – which matches last year's largest-ever facility secured by the company – was heavily oversubscribed and is indicative of continued lender appetite for the...

06 October 2016

The Bpifrance-Coface transfer explained

On 1 January 2017 the French export credit agency (ECA), Coface, will officially transfer all its activity to Bpifrance. Since 1946 Coface has handled state export credit...

05 October 2016

Ecobank taps AfDB to plug Africa's trade finance hole

Falling commodity prices have caused shortages in dollar funding for African producers and has led to a greater demand for trade financing from local SMEs.

03 October 2016
in
Power, Renewables, Transport

Kexim wades into Africa infra scramble with Ghana power deal

Kexim last week provided a loan to finance the Prestea-Kumasi power enhancement project in Ghana as South Korea looks to compete with China and Japan for African...

29 September 2016

What's driving China Exim's infrastructure push in Africa?

African economies have been suffering of late from low commodity prices. However, the continent's largest trading partner, China, is investing billions – mostly via China...

26 September 2016

ECAs key to Iran's renewable energy target

Iran has set a target to install 5,000 MW of renewable energy capacity by 2021, and according to one lawyer, export credit agencies will be key to achieving that goal.

22 September 2016

Finnvera steps in to finance UK biomass plant amid government subsidy cuts

The UK government introduced dramatic cuts to renewable energy subsidies in August, just a month before Finland's ECA, Finnvera, closed a £100 million financing for the...

21 September 2016

Kexim credit 'unaffected' by shipping losses

South Korea's ECA, Kexim, posted a net loss of $838.6 million for the first half of the year after bad debt provisions surged due to over exposure to struggling...

20 September 2016

Banks lament as 'all-time low' CIRR spurs ECA direct lending

Although the total volume of the ECA finance market has reduced in recent years, in the first half of this year ECA direct lending was already $1.7 billion up on the...

16 September 2016

First Finnvera-NIB financing creates landmark deal in Brazil

At the end of last month, Finnvera and NIB signed a $225 million facility that will be onlent to a eucalyptus pulp mill project in Brazil. The deal represents the first...

15 September 2016

Moody's report highlights credit quality of export finance loans

Global trade numbers might be floundering, but the quality of export finance is gradually gaining in appreciation, especially since Spain's introduction of export finance...

15 September 2016

Advantages of the trade credit & political risk insurance market

BPL Global's Gina Fitzgerald introduces the concept of private trade credit & political risk insurance.

12 September 2016

Warid Telecom closes new landmark ECA deal in Pakistan

Due to the political and economic uncertainty surrounding Pakistan, international financing has been hard to come by for the South Asian country. Nonetheless,in July...