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May
Banks are vying to buy the Brazilian operations of WestLB with a considerable portion of trade-related assets.
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A new study by the IADB and ADB outlines the potential for greater trade, investment and cooperation between the two dynamic regions.
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Bladex has announced both the resignation of its CEO Jaime Rivera and his replacement.
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Development finance institutions (DFIs) have arranged debt financing for a wind power project in Nicaragua.
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The financial agent of the Spanish state and two more commercial banks are scheduled to join a Cesce-backed club loan for the Caracas Metro extension.
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April
A Coface-backed loan to the Panamanian government for the capital’s metro project has been approved after a diplomatic dispute stalled proceedings late last year.
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The Export-Import Bank of China has a agreed a loan with the government of Suriname on a housing project being implemented by China’s Dalian Group.
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Asia Broadcast Satellite (ABS) is seeking US Ex-Im support for its purchase of American-made satellites.
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Citi Latin America has unveiled a new executive management team and structure centred on five geographic markets: Brazil, Colombia, Chile, Central America and the Caribbean, and South America.
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Swiss-based Hinduja Bank raids Geneva trade banks for five senior trade financiers.
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IADB, World Bank and CAF have called for the consolidation of sustained growth with social inclusion.
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The Inter-American Development Bank (IADB) has approved an A/B loan to finance the construction of an integrated polyethylene plant.
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Award-winning trade finance transactions from the Americas region, signed in calendar year 2011 – as selected by the Trade Finance Magazine editorial team.
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By Domicio dos Santos Neto, Ana Paula Gambogi and Gabriel Leutewiler, at Santos Neto Advogados.
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The global financial crisis and its repercussions continue to be felt in most parts of the world, the US continues to wrestle with deficit and unemployment issues, and the eurozone battles sovereign crises that threaten the fabric of partnership, and the future of the euro. Alexander Malaket explores the impact of the eurozone crisis on trade finance in the Americas.
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US Ex-Im has approved a loan guarantee for an engine maintenance contract with Brazil’s Gol supporting highly-skilled Delta jobs in Atlanta.
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March
With financing in Jamaican dollars bearing interest of 17% from some commercial banks, Jamaica’s export credit agency has stepped up its levels of cheap financing for another year.
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JBIC and BNDES have signed a memorandum of understanding to cooperate in third countries.
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Japan’s export credit agency JBIC and private lenders finance MODEC’s chartering business for Brazil offshore oil contract.
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Brazil’s national development bank, BNDES, is to make available new finance for the revamp and further development of the country’s sugar sector.
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Export-Import Bank of Korea joins IADB´s Trade Finance Facilitation Programme.
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Korea and IADB establish public capacity building fund for economic development.
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IADB and JICA to invest up to $600 million in green energy in Central America and the Caribbean.
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ADB President Haruhiko Kuroda attends IADB’s Annual Meeting to discuss ways to increase ties between the regions.
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Photos from the 14th Annual Structured Trade and Export Finance in the Americas Conference held in Miami.
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New report says region would only suffer a relatively mild recession if European debt crisis worsens and Chinese economy decelerates.
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IADB and China Exim have moved forward with plans to create an equity investment platform for Latin America and the Caribbean.
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Brazil's Central Bank imposes trade finance restrictions from foreign lenders as well as a host of new tax measures which will impact offshore short-term export and trade loans to Brazilian firms.
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Speaking at Trade Finance Magazine and Euromoney Seminars’ 14th Annual Structured Trade & Export Finance in the Americas Conference in Miami, Gustavo Tardin Barbosa, global head of corporate finance at Petrobras, outlined the company’s investment plans. Oliver O’Connell reports.
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BBVA, Bank of Tokyo Mitsubishi UFJ, and the Japan Bank for International Cooperation (JBIC) have signed a cofinancing with Colombia’s ISAGEN.
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Japanese export credit agencies, JBIC and Nexi, fund Chile’s Sierra Gorda project, while Japanese shareholder Sumitomo also plans to tap JOGMEC support.
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Citi has launches a new trade desk in Shanghai to serve as a link for Latin American clients looking to do more business in Asia.
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Brazil's Central Bank imposes trade finance restrictions from foreign lenders as well as a host of new tax measures which will impact offshore short-term export and trade loans to Brazilian firms.
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BBVA and Deutsche Bank are arranging a Cesce-backed loan for the Caracas Metro extension, scheduled to close in the coming months.
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February
Brazil’s Banco Itaú BBA is teaming with IADB to finance green projects in Latin America.
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Bookrunners BNP Paribas and Natixis have signed a revolving credit facility for Peru’s Consorcio Minero.
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Haiti signs contract with Alstom-Comelex to refurbish its principal hydro plant in a three-year project funded by IADB, Germany’s KfW and OFID.
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Member countries of the Inter-American Development Bank (IADB) have approved a resolution authorising a $70 billion increase in the Bank´s ordinary capital.
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The Brazilian soft commodity financing market has seen its ups and downs over the past few years, and the second half of 2011 saw a return to a more cautious approach to lending. Oliver O’Connell looks at the shifting market.
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Christian de Lima Ramos and Ben-Hur Cabrera of Sao Paulo-based law firm Ramos, Zuanon e Manassero Advogados examine the growing use of fiduciary lien on credit transactions in Brazil to create security over collateral.
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IADB supports efforts to strengthen Asia-Latin America trade and investment ties through the Trans-Pacific Partnership.
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January
Wells Fargo loan officer Gerard Uribe is jailed for his part in the largest case of fraud on export credit agency US Ex-Im.
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BNDES releases results for 2011 showing a 47% increase in funding operations.
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Finnish export credit agency Finnvera returns to cover further loans for the expansion of Telemar’s mobile network in Brazil.
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JP Morgan has hired a new managing director for its Treasury Services business covering export and supply chain finance across the Americas.
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The Mexican carrier has closed debt financing for two A320-200s with Crédit Agricole CIB and European export credit agencies.
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The Inter-American Development Bank has approved new funds for renewable energy and clean technology companies.
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BBVA has relocated its transactional trade finance head to New York to maximize its cross border business and Latin American and USA networks.
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Chinese export credit agency Sinosure is guaranteeing a buyer credit loan to ArcellorMittal for work on the now-suspended Monlevade steel plant expansion in Brazil.
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Giek supports drill ship delivery to oil and gas firm Chloe Marine Corporation.
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Citi signs EDC-backed leasing deal on behalf of Peru’s Minera Barrick Misquichilca.
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German export credit agency Euler Hermes has issued cover on a BBVA-led loan to Venezuelan National Steel Company EPSSN.
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Law firm Norton Rose Group has merged with Canada’s Macleod Dixon allowing the firm to expand into Latin America and Central Asia for the first time.
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Brazilian bank Pine has secured its first-ever Islamic funding tranche for trade finance.
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The Export-Import Bank of India has agreed to support Guyana’s latest public spend on a new hospital facility specialising in heart and brain surgery.
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Mizuho and JBIC have cofinanced a loan to BCIE to support the development of renewable energy projects in Central America.
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The export credit agency-backed deal for Ecopetrol’s Reficar project has signed, including the second largest ever approved financing by US Ex-Im.