The UK is being urged to deepen its investigation into government-linked lending and supply chain finance (SCF) facilities provided by Greensill, as details emerge of the collapsed financier’s deep ties to Westminster. The Cabinet Office announced late on April 12 that a review was to be launched into the development and use of SCF programmes .
Seven European countries have formally committed to ending export finance agency support for fossil fuel projects, as efforts to curb public financing for high-emissions energy sources accelerate.
Denmark, France, Germany, the Netherlands, Spain, Sweden and the UK announced a new alliance, the Export Finance for Future (E3F) coalition, following a virtual meeting today [April 14] hosted by the Directorate General of the Treasury, a unit of France’s finance ministry.
“Today, for the first time, several countries publicly committed to massively increase support for sustainable projects and to assess how to best phase out export finance support to oil and gas industries,” said French finance minister Bruno Le Maire, speaking at the meeting. “The moment is decisive.”
UAE export credit agency reinsures GE-Iraq power plant deal | Global Trade Review (GTR) gtreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gtreview.com Daily Mail and Mail on Sunday newspapers.
In a bid to bolster Japanese grain imports, Nippon Export and Investment Insurance (Nexi) has agreed to insure a loan agreement between SMBC, BNP Paribas and Brazilian agribusiness company Amaggi. Nexi’s cover comes with a tenor of six years, and will insure the total financing amount of US$100mn, with Amaggi using the financing from the .
Credit insurance and surety specialist Xenia has agreed to buy the trade credit business of Credit Insurance Alliance Brokers (CIA) for an undisclosed sum. The transaction is expected to complete on May 10, following which Xenia will integrate CIA’s business into its regulated entity, Credit Risk Solutions. “This acquisition represents a real win for both .