Last month saw a reorganisation of the project finance team at
French export credit agency Compagnie Francais d'Assurance pour le
Commerce Exterieur (Coface) but the focus on the product remains
unchanged. Project finance remains part of the organisation's
Medium and Long Term department but a s...
Despite the sluggish market conditions of the last 12 months, the
project finance team at UK export credit agency ECGD has been
keeping itself busy. ?We have been busier this year than in the
last couple of years,? observes Nick George, head of project
finance at ECGD in London. That focus has b...
EDC's name changed at the end of 2001, from Export Development
Corporation to Export Development Canada, the main impetus being
that the initials in the French version are the same as the
English. Otherwise, EDC's mission and mandate remains intact ? a
mixture of political risk coverage and dire...
The Australian ECA, Export Finance and Insurance Corporation (EFIC)
is in expansion mode. The export finance business, which
encompasses all medium and long-term credit, reported a 20% growth
for fiscal year ending June 2002. Despite predicting a flatter year
coming up, due largely to shrinking ...
The grand, and often criticised, EBRD visions of a decade ago have been replaced by a more focused assessment of its role. With project bankers looking tentatively at Russia and Central Asia, where and how will the EBRD react? Taimur Ahmad talks to Jean Lemierre, President EBRD.
Hermes Kreditversicherung is experiencing an upward swing in demand
for project loan cover, as lenders become more conservative in
their risk assessment. Only a few years ago bankers were predicting
a gradual falling off in ECA support, with uncovered debt becoming
more usual, but now ECA suppor...
With Japan's economy shaken and not stirring, the Japan Bank for
International Co-operation (JBIC) ? formed out of JEXIM and OECF in
October 1999 ? has upped its activity in the past year. JBIC has
been involved in a number of high profile, big-ticket debt
projects, with loan commitments running...
Kreditanstalt fur Wiederaufbau has seen lower volumes of export and
project finance business this year, with new commitments in the
first half amounting to only Eu2.7 billion. For 2001 the volume of
loans made by the state owned development bank had been Eu8.4
billion, most of this recorded prio...
The oil and gas sector has provided the mainstay of Italian Export
Credit Agency (ECA), Sace's, project deals in recent years. Snam in
particular, the transportation division of Italian gas giant Eni,
has picked up some lucrative contracts for high profile projects.
Sace follows, most usually of...
The United States Export-Import Bank is in something of a limbo at
present. Chairman John Robson, confirmed by congress in 2001,
passed away early in the year, and vice chairman Eduardo Aguirre
has been acting head of the bank while a successor goes before
congress. It recently began hearings on...