Export credit agencies (ECAs) in the world’s largest economies are still pumping billions of dollars more annually into fossil fuels than clean energy projects, fresh data shows, spurring calls for reform within the OECD Arrangement. ECAs in the G20 group of nations provided US$96bn towards fossil fuel projects between 2020 and 2022, finds a report…| Global Trade Review (GTR)
The export credit insurance market saw claims jump by more than 700% in Russia last year, as the industry grappled with the fallout of the Ukraine crisis and western sanctions, Berne Union research shows. Short-term export credit claims involving obligors in Russia and the Commonwealth of Independent States (CIS) region increased by US$229mn from a…| Global Trade Review (GTR)
Claims paid out by public and private trade credit insurers partly stabilised in the first half of this year following record payouts in 2021, data published by the Berne Union shows, but the war in Ukraine is tipped to lead to further short-term claims. The trend since 2019 has been a steady drop in the…| Global Trade Review (GTR)
Demand for critical minerals and metals such as cobalt, copper, lithium and graphite, which are vital in the manufacture of clean energy technologies, is set to soar. Felix Thompson examines how governments are working to ensure their domestic companies avoid supply issues in the future, and why export credit agencies are set to play a…| Global Trade Review (GTR)