Latest News

Standard Chartered renews IFC trade finance deal

Standard Chartered has renewed its commitment to the IFC’s Global Trade Liquidity Program by committing to provide at least $500 million of additional lending to trade finance deals in emerging markets

Diana Shipping yet to resolve covenant breach

Greek shipping line Diana Shipping has yet to resolve a breach of covenant on its single largest loan, the firm confirmed on 24 February shortly after reporting the breach

EBRD finances Turkish metro trains order

The EBRD has signed a €10 million ($10.5 million) loan to Turkish public transport vehicle manufacturer Bozankaya to help finance an export order

Dierk Overheu quits Nidera

Dierk Overheu is to step down as chief executive of Dutch agricultural trade Nidera, a company spokesman confirmed on 23 February

Belinvestbank becomes EBRD trade finance confirming bank

Belarusian state-owned development bank Belinvestbank has been recognised as a confirming bank in the EBRD’s Trade Facilitation Programme, it was announced on 23 February

SACE and Turk Eximbank sign co-insurance deal

SACE and Turk Eximbank have signed a co-insurance agreement to generate new trade deals for Turkish and Italian companies, the ECAs announced on 22 February

MIGA covers third Sirajganj IPP deal

MIGA has confirmed a $69.5 million guarantee on the project financing for the third unit of the Sirajganj gas-fired power plant in Bangladesh, its third deal at the site

Exim Thailand launches SME finance product

Export-Import Bank of Thailand has launched a new product combining working capital financing with credit insurance, in a bid to facilitate and increase cross-border trade by small and medium enterprises

Euler Hermes appoints UK & Ireland head

Euler Hermes has promoted Milo Bogaerts to be chief executive of Euler Hermes UK and Ireland, the investment insurer announced on 20 February

EBRD supports Turkish grain trader

The EBRD and Turkish development bank TSKB have signed a €5 million working capital facility with a Turkish grain trader under a new loan programme for small and medium enterprises

EDC and Bladex close on Canacol Energy financing

Export Development Canada and Latin American development bank Bladex have helped close a $265 million financing for oil and gas E&P company Canacol Energy, the borrower announced on 16 February

DNB and GIEK wrap subsea supplier loan

Export Credit Norway has signed a $100 million loan to Norwegian subsea supplier OneSubsea to finance the supply of equipment to an oil production project offshore Australia

UKEF doubles credit limit for Tanzania

UK Export Finance has agreed to double its risk exposure limit for Tanzania, the ECA confirmed on 17 February

SACE covers cruise ship financing

SACE has signed guarantees on up to $3.15 billion of loans backing the construction of four new cruise ships by Italian shipbuilder Fincantieri, it was announced on 16 February

Afreximbank lines up Burkina Faso financing

The African Export-Import Bank (Afreximbank) will arrange up to $1.5 billion in financing for projects under Burkina Faso’s five-year National Economic and Social Development Plan

JBIC signs export credit for Thai expansion

JBIC has signed a Thai baht-denominated loan to support the expansion of circuit board manufacturer Katata Electric in Thailand, the bank has announced