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10 May 2016

Euler Hermes backs Canada's wind revolution

Wind energy is the fastest growing source of electricity in Canada and is set to play a major role in the action plans of Québec's 2030 energy policy. The...

10 May 2016

Mind the gap: WTO warns of trade finance deficit

Demand for trade finance exceeds supply by around $1.4 trillion, a new report by the World Trade Organisation warns. The knock-on effects of this gap on global trade and...

10 May 2016

EBRD to support transport sector in Egypt

The European Bank for Reconstruction and Development (EBRD) is to provide an investment package of $250 million in two tranches, including one to help develop the...

10 May 2016

New Development bank agrees MoU with ICICI

The New Development Bank has signed a memorandum of understanding (MoU) with ICICI Bank, India's largest private sector lender. The agreement means they will work...

10 May 2016

EBRD may bailout Tajikistan's No.2 bank

The European Bank for Reconstruction and Development could be called upon to inject capital into Tojiksodirotbank, Tajikistan's second-biggest lender....

10 May 2016

Andrews Kurth hires project finance partner George Pavlenishvili

Global law firm Andrews Kurth has hired George Pavlenishvili as a partner in the business transactions practice at the firm's New York office. He focuses on, among...

10 May 2016

EDC the lender as Altius seals copper purchase deal

Export Development Canada acted as lender as the country's Altius Minerals closed a copper purchase agreement related to the Chapada copper-gold mine in central...

10 May 2016

GuarantCo appoints Cardano Development as new manager

London-based GuarantCo has appointed Cardano Development as its new fund manager. GuarantCo helps finance privately-sponsored infrastructure projects in Africa and...

10 May 2016

EXIAR supports Yamal LNG project

The Russian Agency for Export Credit and Investment Insurance (EXIAR) has insured a €3.6 billion loan by Sberbank and Gazprombank to the country's JSC Yamal...

10 May 2016

Howard joins Trade Finance Solutions as chief credit officer

Canada-headquartered Trade Finance Solutions has hired Tony Howard as chief credit officer. He will direct the company's credit professionals and assume...

10 May 2016

Petrobras agrees $1bn loan with China Exim

Brazil's state oil firm Petrobras has secured a $1 billion loan from the Export-Import Bank of China (China Exim). The deal is related to supply contracts for...

10 May 2016

UKEF and Natwest help group win Abu Dhabi contract

UK Export Finance and NatWest have helped Stoke-based manufacturer Ham Baker Group expand in the Middle East. The company, which makes products for the water,...

09 May 2016

Export credits: Private insurers step out of the shadows

With their huge capacity and state backing, ECAs for many years dominated the market for absorbing risk on longer-dated export credits. That’s changed, say private...

09 May 2016

India's Exim Bank uses LoCs to boost government 'vision'

In a bid to create new channels of future growth and provide new roadmaps for Indian exporters, India's Exim Bank has increased the amount of lines of credits it has...

09 May 2016

Finacity facilitates trade receivables securitisation for Ercros

US-based Finacity has launched a $12 million trade receivables securitisation for Ercros, a Spanish producer of chemicals. The facility acts as a funding source for...

09 May 2016

JBIC invests in fund to back Japanese firms in America

The Japan Bank for International Cooperation (JBIC) is investing in the KKR Americas Fund XII to back Japanese companies in new markets. It is contributing to the...

09 May 2016

ADB and Sweden embark on capital experiment

The Asian Development Bank (ADB) and the Swedish International Development Cooperation Agency (SIDA) are teaming up in a novel deal which could increase multilateral...

09 May 2016

HFW hire boosts Australian projects capability

Richard Abbott has joined law firm Holman Fenwick Willan's (HFW) Sydney office. He is an experienced investment and major projects lawyer with financing, corporate...

09 May 2016

Lightstream has 90 days to avoid default

Canadian oil and gas group Lightstream Resources has 90 days to resolve a $96.6 million shortfall in its credit facility or face a default. The company has seen the...

09 May 2016

IsDB and Turkmenistan to intensify cooperation

The Islamic Development Bank (IsDB) and Turkmenistan have signed a memorandum of understanding to increase cooperation in financing development projects.