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References
- ↑ Madeline Chambers (August 20, 2015), German industry wants expansion of export guarantees Reuters .
- ↑ "Germany's Environmental Technologies Action Plan : Speeding up innovation – protecting the environment" (pdf). German Federal Ministry for the Environment, Nature Protection and Reactor Safety . Retrieved 2007-01-29.
An important instrument in promoting the external sector is Federal Export Credit Guarantees (Hermes Cover). With Export Credit Guarantees the Federal Government strengthens the global competitive position of German companies, especially SMEs. It therefore makes a substantial contribution to protecting jobs in Germany. [. . .]In 2005 the Federal Government underwrote export credit guarantees amounting to €19.8 billion. 72.2% of the total exports were headed for emerging economies and developing countries and 18% for central and eastern Europe.
- ↑ "AuslandsGeschäftsAbsicherung der Bundesrepublik Deutschland (Foreign Trade and Investment Promotion Scheme of the Federal Republic of Germany)". Euler Hermes Kreditversicherungs-AG and PricewaterhouseCoopers. Retrieved 2007-01-28. There is a link to this site from the Web site of the German Federal Ministry for Economics and Technology Archived 2007-02-03 at the Wayback Machine
- ↑ Inge Weidig; Sönke Jens; Konrad Haker; Henrike Mohr (December 29, 2000). "Kurzfassung - Evaluierung der Arbeitsplatzeffekte der Hermes-Ausfuhr-Gewährlesitungen des Bundes (Proj. Nr. 7/00) (Assessment of job effects of Hermes federal export guarantees)" (PDF) (in German). Basel: Europäisches Zentrum für Wirtschaftsforschung und Strategieberatung (European center for economic research and strategy consultation); Prognos. Archived from the original (pdf) on 2007-09-27. Retrieved 2007-01-28.
- ↑ "ECA Watch: The Problems (Germany)". ECA Watch International NGO Campaign on Export Credit Agencies. Retrieved 2007-01-29.
Euler Hermes Kreditversicherungs-AG (Hermes), the German ECA, has guaranteed some of the world's most controversial projects including the Three Gorges Dam, Tehri dam, the BTC pipeline, and the Paiton 2 power plant. It is often criticized for its lack of transparency and environmental standards.
- ↑ "Recommendation on common approaches on environment and officially supported export credits" (pdf). OECD. Retrieved 2007-01-28.
- ↑ "Germany's Environmental Technologies Action Plan : Speeding up innovation – protecting the environment" (pdf). German Federal Ministry for the Environment, Nature Protection and Reactor Safety . Retrieved 2007-01-29.
International cooperation between the export credit insurers in industrialised countries of the OECD focused in 2005 amongst other things on the adoption of a new consensus text on flexibilised payment terms for project financing and structured finance and for export transactions in the field of renewable energies and water projects, which has been in force since 1 July 2005. The OECD Member States have agreed to extend the maximum repayment term permissible in the renewable energy field and for water and waste water projects to 15 years. Experience gained with the expanded OECD environmental guidelines, which entered into force on 1 January 2004, will be taken into account in the 2006 review process.
