A group of European and North American export credit agencies (ECAs) has launched a UN-backed initiative to drive public finance away from fossil fuels and towards more environmentally sustainable business sectors. The Net Zero Export Credit Alliance (NZECA) was established during a session at the Cop28 climate change conference in the UAE by agencies from…| Global Trade Review (GTR)
The Export-Import Bank of the United States (US Exim) is anticipating a “significant” rise in domestic financing activity in the coming year as it works to rejig its offering and grow investment in key sectors such as semiconductors, critical minerals and renewable energy. US Exim first launched the Make More in America (MMIA) programme…| Global Trade Review (GTR)
The US export credit agency has agreed to provide a US$4.7bn loan for TotalEnergies’ controversial Mozambique LNG project, reinstating its support after years of delays and amid ongoing security risks in the region. At a board meeting last week, the Export-Import Bank of the United States (US Exim) voted to amend its financing agreement for…| Global Trade Review (GTR)
French oil major Total has inked a US$14.9bn senior debt financing agreement for its Mozambique liquefied natural gas (LNG) project, in what it says is the biggest project financing deal ever struck in Africa. The Mozambique LNG project, which has been in the pipeline since US exploration and production (E&P) firm Anadarko discovered sizeable reserves…| Global Trade Review (GTR)
Climate campaigners are urging the White House to block the Export-Import Bank of the United States (US Exim) from supporting fossil fuels on “national security” grounds as the agency weighs a US$743mn petrochemical project in Malaysia. In recent months, US Exim has faced growing scrutiny over its ongoing backing for fossil fuels with two members ...| Global Trade Review (GTR)