Welcome to EKN Magazine. We provide inspiration and offer tips for companies and banks that work with exports or have just begun that journey out in the world.
Some countries in Sub-Saharan Africa may face debt restructuring as public finances suffer from a stronger dollar and higher import bills. EKN monitors the development closely and foresees a heightened interest in securing risk cover on private risk in an uncertain environment.
All eyes on African debt
“Navigating turbulent times for Nordic trade” was the motto at GTR Nordics 2022, where a record number of visitors learned about the relevance of Nordic clean-tech in building a climate-resilient future.
nordic-clean-tech-takes-on-the-world-with-export-finance
Participants from across the world arrived at COP27 in Sharm el-Sheik to agree on measures to halt the escalating climate change. Delegates from EKN worked hard to raise awareness of the role of export financing in funding the transition.
COP27: “Funding and skills gaps need closing”
A new guarantee from EKN secures the supply of strategic raw materials to Swedish importers by covering the risk of new investments for raw material producers and their creditors.
Sweden secures supply of strategic raw materials
Almost 1,200 rural villages and towns in Côte d’Ivoire will have access to drinking water through a new EKN-supported project that promises a “massive impact” on local communities and women in particular.
Drinking water for 3 million people
The major expansion of an Estonian dairy facility will convert half of all milk produced in the country to a buffet of export success with the help of Tetra Pak and financing from ING Bank and EKN.
New Estonian dairy creates higher value to local farmers
Export credit agencies (ECAs) play a crucial role in a volatile market where many sovereigns and debt issuers find it harder to access capital, argues Cécile Camilli, Global Head of Development & Structured Export Finance at Société Générale, in an exclusive interview.
Uncertainty creates opportunity
A water treatment project in Ghana provides 400,000 with clean drinking water and reduces the need to walk long distances to fetch water. “EKN and SEK were important to help structure a competitive financing structure”, says Desislava Radeva at Standard Chartered Bank.
“Water is life”
EKN joins the world’s largest sailing ship to showcase Swedish exports, offering partners and exporters meeting venues from Europe to Asia.
Tailwind for Swedish exports
BNP Paribas was among those selected to arrange SoftBank Corp.’s syndicated loan signed in 2020/21 for 5G capex in Japan on the back of EKN support. “This transaction proves that ECA-backed financing is also highly attractive to blue-chip companies in advanced economies.”
Local currency cover from EKN secures major telecom deal in Japan
One of the premier banks to make use of EKN’s new online application tool, Credit Suisse believes the process added value in several ways: “It helped us expedite the application process and facilitated the administrative work.”
Credit Suisse: “a very positive experience”
Shooting through North-western Turkey like a silver bullet, a new high-speed electric train will connect important hubs with far less environmental impact than road traffic. Scandinavian export financing made the Green Loan possible.
Connecting Turkish hubs – new high-speed railway line
The rapidly growing investor appetite for sustainable investment is good news for the transition to a carbon-free society, which will require substantial funding as well as export credit risk cover to enable developing countries to join in. But how is sustainability defined and monitored – and can green investment be further incentivised to speed up the transition?
Green bonds hit the USD 1 trillion mark
As Global Head of Deutsche Bank’s Structured Trade & Export Finance, Werner Schmidt believes export finance has a crucial role to play in the transition to a carbon-free society. “We need to be the driver that make it happen.”
Deutsche Bank: “Doing nothing is the biggest risk.”