TXF France 2019
TXF France 2019 will take a focused look at the French export finance market, concentrating on the issues that matter. Hear from high-level speakers and get the chance to have your say in interactive sessions.
Despite a record low CfD strike price, the 950MW Moray East UK offshore wind project reached financial close in December backed by strong lender and ECA appetite. Does the deal hint at the financing future for UK offshore wind as it heads closer to zero subsidy?
OECD exporters and ECAs often cite the need to modernise the OECD Consensus on export credits. The International Working Group on Export Credits (IWG) is making progress – but will the IWG guidelines provide alternative rules to the OECD, or will it run alongside them?
TXF’s first podcast of 2019 focuses on sustainability in export finance, as the community looks for commercial opportunities as the market steers away from traditional Oil & Gas and Power sectors.
Igor Ostreyko, managing director of trade and export finance at VTB, and Anna Ponomareva, head of ECA and agency finance at VTB, discuss product innovations in a post-sanction environment, and how the state-owned bank has become the only Russian lender to tap Sinosure cover.
Sponsors of the $1.54 billion gas-fired Gulf Sriracha IPP project in Thailand – Gulf Energy Development and Mitsui – have closed a tightly priced DFI/ECA-backed financing to fund the scheme. And the dual-currency deal is set to serve as a blueprint for future IPP financings in the southeast Asian country.
The IDFC — which could eventually incorporate US Exim — will see the US try to take on the Chinese development banks at their own game. TXF asks how that will play out both in terms of feasibility and the wider impact on development as a tool of foreign policy.
TXF speaks to Pedro Novo about his promotion to Bpifrance's new Executive Department for Export and how this will encourage local entrepreneurship.
While the ripple effect of sanctions is still creating uncertainty around new Russian business, German exporter and lender confidence is returning to the region. TXF spoke with Thomas Baum, head of underwriting at Euler Hermes, to discuss the German ECA’s busy petchem project pipeline in Russia, its increased risk appetite in Africa, and how its new digitalised ‘click and cover’ platform is streamlining access to export finance for SMEs.
Often priced at well below accepted market rates, Chinese official finance is a major hurdle to fair competition in the global export market. A growing number of governments are attempting to compete by circumventing OECD rules and blurring trade with aid. But adding more unfair trade practices risks the global official finance system self-combusting and ending any real chance of a lasting and fair resolution to the problem.