Export credit agencies (ECAs) are increasingly channelling support for energy deals to high-income countries as they shift to renewables, a study has found, further shrinking poorer nations’ access to energy finance. Wealthy nations have driven a sharp rise in export credit support for renewable energy technology in recent years, but a study published today in ...| Global Trade Review (GTR)
The UK has joined a growing list of countries using their export credit agencies (ECAs) to gain an advantage in the global tussle over the supply of critical minerals. UK chancellor Rachel Reeves announced on October 30 that companies supplying critical minerals to UK exporters will be eligible to apply for a special credit guarantee ...| Global Trade Review (GTR)
The annual GTR Asia event returned to Singapore on September 3-4, 2024 to reflect on a period characterised by supply chain disruption and slow trade growth, but also technological innovation and trade digitisation. In this post-event wrap-up, we pick out five conference highlights and key themes that emerged during discussions. Supply chain disruption One ...| Global Trade Review (GTR)
Hyundai has secured a US$1.35bn term loan package from a group of international banks and Korea’s export credit agency, helping fund the company’s first electric vehicle (EV) plant in the US. The untied facility, which comes with a 10-year tenor, is backed with 95% cover from Korea Trade Insurance Corporation (K-Sure). Proceeds will be used ...| Global Trade Review (GTR)
Western nations have agreed to collaborate on expanding export credit agency (ECA) backing and development finance for critical minerals, following concerns over lagging investment in long-term supply and over-reliance on China. The Minerals Security Partnership, a coalition of 14 countries including all G7 states, Australia, India and South Korea as well as the European Union, ...| Global Trade Review (GTR)