Dealmakers’ Anthem (affected by Covid-19)


Before the sunrise hits the roofs,
Before the birds begin to sing,
As drops of dew roll off the grass,
We hear the bells of global deals ring

Their energy provides the fuel
to drive the shipments cross the globe,
The email bits are cold and cruel,
They’re deals’ blood and players’ hope

The deals take us to strange places,
Exotic towns, abandoned mines,
Through deals we learn people’s faces,
And find the truth between the lines

The deals are like drugs and vices,
They make us high, and crashing lows they bring,
We chase them hard; we sometimes take bad chances,
and yet like junkies, we pursue them and ignore their sting

As Covid global business shuttered,
and havoc wrecked across the world,
It forced us to rethink the future of handshakes,
business flights and ways our goods are sold

And as we wait, and hope for cure to this once-in-a-life pandemic,
two things of which we can be sure better than any Academic:

The global business will continue, and deals will certainly rebound,
Thus offense in this time of chaos, is strategy, which is most sound
And though video for meetings has served a major role and found its place,
There is no way for it to ever, in-person interaction fully to replace

A.M. Gordin
©2014-2020

Sweet taste of Uzbekistan reaches North America, as Crafers™ enters the US confectionery market with a unique twist.



(New York City, September 2nd, 2020). As part of its international expansion, Crafers™ – a leading confectionery manufacturer in Central Asia, has entered US candy and snack markets, focused on providing a broad array of its delicious products through multiple market segments. At the core of its mission  is a unique business model, which supports K-12 education and strengthens inter-generational family development.

Having adjusted its market entry strategy to address the effects of the Covid-19 pandemic and after completing deep analysis of the target market, Crafers’ management moved forward to complete FDA registration formalities, and selected A-Com Logistics  of NY as its logistics provider and appointed Eats and Treats International, as its exclusive North American Importer. The Company with the help of its advisers also developed a unique relationship with the World Affairs Councils of America to support its Academic WorldQuest Program 

The company intends to pursue distribution across all 50 States. It will initially focus on alternative retail and ethnic markets, and in the first quarter of 2021 will unveil its proprietary online/offline education program designed to deepen and strengthen relationships between grandparents and their grand-kids, as well as to improve educational skills outside of the formal learning environment.


To assist Crafers in its US market roll-out and subsequent growth, the company has sought assistance from experienced US and Uzbek- based professionals. Broad Street Capital Group has been selected to develop and implement Crafers’ market entry strategy and to assist the company in building out its US organization and distribution infrastructure. Lipman Law PLLC of New York and Kosta Legal of Tashkent, Uzbekistan have been chosen to provide strategic legal advice and legal services to support the Company’s market entry efforts.

Crafers’ full line of chocolates, wafers, marmalades, candies, marshmallows and chips is expected to enter US distribution channels in the second half of September, 2020

………………………………………………………………………………………….


About Crafers – Founded in 2018, Crafers produces over 150 different SKUs, employs 800 workers and has an annual production capacity of 47,500 tonnes.  Its modern 350,000 sq. ft facilities are certified to international standards such as ISO 9001 and 22000. The company has exported its products to 15 countries
About World Affairs Councils of America (WACA)– Since its founding in  1986, WACA supports more than 90  Worlds Affairs Councils across the USA with international programming and educational programs on issues, which include international trade, the economy and global health.
About Broad Street Capital Group – Based in the heart of New York City’s Financial District, Broad Street Capital Group is an international private merchant bank, which since 1988 has served several foreign governments, multiple state-owned companies, as well as SMEs in emerging markets. Through its member companies, the Group focuses on developing project financing, providing trade credit and political risk mitigation, export management services and cross-border market development advisory.
About Lipman Law-Lipman Law PLLC is a boutique international law practice in headquartered in New York City, whose principal partner has nearly 30 years of experience both in private practice and government with a focus on corporate governance, SEC enforcement, and securities litigation, 
About Kosta Legal – is a leading full service law firm based in Tashkent, Uzbekistan. Kosta Legal maintains a very international business strong international business and corporate practices. The Firm has been ranked as a Tier-1 firm by influential independent ranking directory The Legal 500.
About A-Com Global Logistics – a premier logistics and freight forwarding services provider involved in bilateral US-Uzbekistan trade. Company enjoys reputation for developing customized multi-modal shipping solutions for its clients in the food and confectionery business segments,
Media Contact – Deneeze Agency, Ann Denysenko +1 646 272 8898  ann@deneeze.com

 

MOVING UKRAINE’S ECONOMY FORWARD – WEBINAR ANNOUNCEMENT!

  • Report from International Financial & Investment Experts
  • Analysis, Commentary & Recommended Actions for Moving Ukraine’s Economy Forward
  • Emerging markets, project finance, bonds, private equity, loans, interest rates, export finance, investments, securities, risk analysisU.S.-UKRAINE BUSINESS COUNCIL (USUBC) ONLINE WEBINAR WITH

IMG-1cae7e700ec217303b52f13cd14e1c96-V
Alexander Gordin, Broad Street Capital Group, New York;

James Brooke, BCP Securities Ukraine, Kyiv;

Pavel Lvov, Xtellus Capital Partners, New York; 

Blaise Antin, TCW Group, Los Angeles;

Eric Lindenbaum, Fidelity Investments, Boston

Thursday, May 21, 4:30 pm Kyiv Time, 9:30 am EST (via Zoom)

 WASHINGTON, D.C.  – YOU ARE INVITED to a U.S.-Ukraine Business Council (USUBC), www.USUBC.org, online webinar “Moving Ukraine’s Economy Forward” Report from International Financial & Investment Experts – analysis, commentary and recommended actions – for Moving Ukraine’s Economy Forward, Emerging markets, project finance, bonds, private equity, loans, interest rates, export finance, government securities, being held on Thursday, May 21, 4:30 pm Kyiv Time, (9:30 am, EST).

The International Financial and Investment Panel of experts will feature:

           1) Alexander Gordin, Co-founder and Managing Director, Broad Street Capital Group, New York
2) James Brooke, Managing Director, BCP Securities Ukraine; Editor-in-Chief, Ukraine Business News, Kyi

          3) Pavel Lvov, Founding Principal, Head of Fixed Income, Xtellus Capital Partners, LLC, New York

           4) Blaise Antin, Managing Director, Emerging Markets Group, TCW Group, Los Angeles

           5) Eric Lindenbaum, Portfolio Manager, Research Analyst, Fidelity Investments, Boston

You will not want to miss this opportunity and participate in the live online meeting with our distinguished panel of international and financial experts.

This meeting will be held online via Zoom online conference service. Morgan Williams, President & CEO, U.S.-Ukraine Business Council (USUBC), will moderate the webinar.

RSVP – Attendance is for members of the U.S.-Ukraine Business Council and their employees and others by invitation only. Your attendance must be registered.  To register your attendance for the USUBC online meeting please email mwilliams@USUBC.org

The link to join the online meeting will be sent to you in the confirmation e-mail after you register. If you are not able to use Zoom via download, additional options will be provided in the confirmation e-mail. The additional options are also listed below.

NOTE: Please submit your questions to USUBC President Morgan Williams to mwilliams@USUBC.org, at least one hour prior to the event

BIO’s:

(1) Alexander M. Gordin, Managing Director, Broad Street Capital Group, New York

Alexander Gordin is an international merchant banking professional with over 20 years of C-level experience providing cross-border strategic advisory services in the areas of export finance, international project finance, risk mitigation and business development. Clients include foreign governments, Fortune 500 corporations, municipalities and state enterprises.

He has strong entrepreneurial instincts, combined with leadership and strategic skills as well as transactional and negotiations experience in over 30 countries. He is the author of the critically acclaimed “Fluent in Foreign Business” book, creator of the “Fluent in OPIC”, “Fluent in EXIM” and “Fluent in USTDA” seminar series and is currently developing “Fluent In Foreign Franchising” “Fluent in FCPA”, “Fluent in Exports” and additional “Fluent in Foreign” seminars and publications.

Mr. Gordin has extensive business development and project finance transaction experience in healthcare, hospitality, fixed and mobile communications and conventional, as well as alternative energy infrastructure, distribution and transportation industries. He has experience in managing international public and private corporations, experience in emerging and frontier markets and he has a proven track record managing cross-border crises.

He has been published and featured in numerous publications including: The Wall Street Journal, The Chicago Tribune, Industry Week, The NY Enterprise Report, Industry Today, Business Finance, Wharton Magazine blog, Success magazine, Kyiv Post and on a number of radio and television programs including: Voice of America, CNBC, CNNfn, Bloomberg and NY1. He is the contributing Editor at the NY Enterprise Report and is a frequent speaker on strategy, cross-border finance and international business development. Mr. Gordin holds an Executive MBA from the Wharton School at the University of Pennsylvania and a B.S. in Management Information Systems from the Polytechnic Institute of NYU.

(2) James Brooke, Managing Director, BCP Securities Ukraine, Editor-In-Chief, Ukraine Business News, Kyiv

Jim joined BCP Securities in 2019, after BCP – investment banking services company, Headquartered in Greenwich, CT – opened an office in Ukraine.  James Brooke, an American journalist, is also publishing the Ukraine Business Journal, an English-language subscription news site based in Kyiv, Ukraine.

Brooke is a veteran international reporter. Mr.Brooke has worked for Bloomberg News; Voice of America; The Kyiv Post and the New York Times. As a New York Times correspondent for 24 years, he covered Russia, Japan, and the Koreas and served as The Times’s bureau chief in Brazil, West Africa, and Canada. Mr.Brooke has 13 years of reporting experience in Ukraine, first as Bloomberg bureau chief in Moscow, then as Voice of America bureau chief for the former Soviet Union. Mr. Brooke is a graduate of Yale University.

 (3) Pavel Lvov, Founding Principal, Head of Fixed Income, Xtellus Capital Partners, New York

Mr. Lvov is the Head of Fixed Income and a Founding Principal of Xtellus Capital Partners. In his recent role at VTB Capital Inc., he successfully created and ran a Fixed Income Sales desk covering CEEMEA instruments like cash bonds, rates, loans, FX and derivatives. Between 2011-2018, Mr. Lvov’s team helped place over 110 primary deals and traded over US$ 70 billion in the secondary markets.

Prior to joining VTB Capital, Mr. Lvov was a Partner at Troika Dialog. Earlier appointments included origination for GML International Limited and commodity trading for AIOC. Mr. Lvov holds a degree in Economics from the Finance University, Moscow.

(4) Blaise Antin, Managing Director, Emerging Markets Group, TCW Group – Los Angeles

Mr. Antin is Managing Director, Emerging Markets Group, TCW’s Group and works closely with all of the emerging markets and international investment strategies at TCW. Before joining TCW in 2000, he spent the prior seven years with the G7 Group, Inc., an international political economy consultancy in Washington, DC.

As Managing Director of G7, Mr. Antin directed the firm’s European and Latin American analysis and advised institutional investors and global macro hedge funds on economic and political risk. Mr. Antin also served as a speechwriter for Robert E. Rubin, then the co-Chairman of Goldman Sachs and subsequently Treasury Secretary of the United States. He also worked as a congressional aide to a member of the House Foreign Affairs Committee. Mr. Antin holds an MA in Government from The Johns Hopkins University and graduated cum laude from the University of California at Los Angeles (UCLA) with a BA in Political Science.

(5) Eric Lindenbaum, Portfolio Manager, Research AnalystFidelity Investments, Boston

Eric Lindenbaum is a portfolio manager and research analyst in the High Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals.

In this role, Mr. Lindenbaum is responsible for sovereign debt research covering Russia, Ukraine, and various other countries. Additionally, he is responsible for co-managing multiple institutional strategies, including FIAM Emerging Markets Debt LLC and FIAM Emerging Markets Debt Pool.

Prior to joining Fidelity in September 2013, Mr. Lindenbaum worked as a portfolio manager at Invesco, and as director of Emerging Market Debt research at Merrill Lynch. He has been in the financial industry since 1995.Mr. Lindenbaum earned his bachelor of arts degree in international studies from Johns Hopkins University, his master of business administration degree in finance from Columbia Business School, and his master of international affairs degree in international economics from Columbia School of International and Public Affairs.

cropped-ukrainefi180profile_page_1.jpg

Happy Holidays and Best Wishes for the New Year!

bscgholidaywishes2017

Broad Street Capital Group selects Lipman Law to provide due diligence support and General Counsel services.

IMG-6595c0536b1d64aeeaab84ae4320f0e6-V

(December 2, 2019, New York City, NY) In an effort to streamline its legal operations and to manage international due diligence and compliance processes for the $1.2 billion of financing transactions in its pipeline, Broad Street Capital Group announced today that it has retained Alex Lipman of Lipman law PLLC, to provide general counsel services. Alex Lipman has also joined Broad Street as an Advisory Board Member.

Most recently a partner at a major international law firm, Mr. Lipman has almost 30 years of experience both in private practice and government with focus on SEC enforcement matters, anti-corruption investigations, securities litigation, other regulatory and government matters, as well as corporate governance.

Alex’s government experience includes serving as a Special Assistant United States Attorney on the Securities and Commodities Fraud Task Force at the U.S. Attorney’s Office for the Southern District of New York. In that position he prosecuted and tried cases involving accounting fraud, mail and wire fraud, and insider trading. Alex also served as a Branch Chief in the SEC’s Enforcement Division, where he conducted numerous high-profile investigations into securities law violations, including cases stemming from the collapse of Enron.

In private practice,  Alex has successfully represented numerous individuals and entities in high-profile white collar securities cases, including cross-border investigations and international prosecutions.

Mr. Lipman also has been a key driving force in developing a proprietary Grey2White® Due Diligence Program designed to identify and solve complex legacy due diligence issues, as well as to optimize multiparty compliance inquiries, which arise during international financing transactions.

“We are very excited to have Mr. Lipman and his Firm advise our team. As the Broad Street Capital Group is poised to enter its next phase of growth, having a seasoned, internationally renowned legal expert in our corner, will help the firm’s clients not only to successfully navigate through complexities of international financing and M&A transactions, but will also allow them to unlock the value of their companies by putting in place best practices in the areas of financial reporting, anti corruption and corporate governance.” said Alexander Gordin, Managing Director of the Broad Street Capital Group.

“I look forward to working with Mr. Gordin and the Broad Street team on ways to improve and streamline the way due diligence and compliance are managed during international financing and merger transactions involving companies in emerging markets. Rather than engaging in a reactive, expensive and cumbersome process, the Grey2White® program aims to provide deeper due diligence investigations than conventional KYC screenings in advance of potential transaction. This would provide greater transparency from the start, reduce costs and benefit all parties involved in the transaction.” said Alex Lipman

About the Broad Street Capital Group.

Based in the heart of New York City’s Financial District, Broad Street Capital Group (www.broadstreetcap.com) is an international private merchant bank, which since 1988 has served several foreign governments, multiple state-owned companies, as well as SMEs in emerging markets. Through its member companies, the Group focuses on developing project financing in the $100 million to $1 billion range, providing political risk mitigation, export management services and cross-border market development advisory. The Firm has done business in over 35 countries, spanning the emerging markets landscape from Bangladesh to Ukraine.

Currently, the Firm maintains presences in30broad eight countries and works closely with all trade and development agencies of the U.S. Government, as well as with Credit Agencies of several European and North American countries. Since its inception, Broad Street Capital Group has been involved in multiple high-profile cross-border transactions in agriculture IT/telecom, aerospace, healthcare, oil and gas,energy generation, food security, nuclear safety, hospitality and franchising sectors. The firm’s current advisory and financing portfolio is expected to exceed $1.25 billion by January 1st, 2020.

 

Driving through the rain towards brighter economic future of Ukraine

About a month ago, during a Washington round-table on Ukraine hosted by the US-Ukraine Business Council (USUBC), someone asked me what do my colleagues and I expect from the new President of Ukraine and his administration? My answer, which was picked up by the Voice  of America and other publications, was essentially – I have no idea. But since we have been and continue to be bullish on the Ukraine for almost twenty five years, our strategy is to move forward despite the political climates, as we always hope for sunny investment weather, but carry a sturdy umbrella in case it starts to rain.  IMG-1cae7e700ec217303b52f13cd14e1c96-V

Well, it is raining now.  Raining hard and much sooner than expected.

The events of this passed week have created a vicious firestorm with  “Ukraine” being mentioned practically non-stop.  In this post I will not address the politics of the situation, as this has been done by practically every major media outlet in the world ad nauseam. My focus will be on business opportunities and financing tools available to those wishing to invest into the Ukrainian economy, as despite this week’s “torrential downpour” nothing has fundamentally changed to make Ukraine a less attractive place to invest.

First, some basic assumptions under which we have been operating in Ukraine for almost quarter of the century:

  • Massive institutionalized corruption exists in Ukraine and it will probably take two-three generations for it to be rooted out;
  • Ukraine is a very risky place to do business;
  • Many people who accumulated capital in the ’90’s played by the “fast and loose rules” and cut multiple corners;
  • As business in the country evolves, most astute business people understand that by playing by the transparent and well-defined rules set out by the western markets they can unlock the value of their holdings, obtain access to low-cost financing and protect their assets for the generational asset transfer;
  • Ukraine has fantastic potential for economic growth in multiple sectors;
  • Terrific opportunities exist for US, Canadian and European companies to supply goods and services to Ukraine and to bring world-class Ukrainian goods into the Western markets;
  • Ukraine has a superb pool of smart and educated labor force;
  • Country is of a strategic geopolitical importance and will always be a subject of political pressure and outside influence;

Given the above, it is important to take a long view and not be terribly concerned with current politics, because by definition Presidents, Ministers, Ambassadors and Senators change every few years. Once such long-term philosophy is accepted, then it is necessary to construct one’s proverbial umbrella. Namely, risk mitigation, corruption resistant mechanisms must be incorporated into one’s approach to doing business in the country.  What this means in practice is the following:

  • Targeting for investment and financing primarily those sectors where corruption is either low or  non-existent. From our standpoint exports of Ukrainian natural foodstuffs, renewable energy, electro-transport production, IT, nuclear waste containment are some of those.
  • Utilizing US Government financing tools, such as those offered by OPIC and US-EXIM  Having these tools part of a business transaction not only provides low-cost, long-term financing, which improves economics of practically any project, but having government-backed financing in a deal, also improves quality of due diligence and acts as fantastic corruption deterrent and protection for investors.
  • Obtaining political risk, trade credit, or breach of contract insurance for every significant deal or trade transaction. US  Government and certain well-rated global  insurance companies offer protection to investors from such perils as expropriation, creeping expropriation, currency  inconvertibility, non-payment for goods supplied, or services rendered and for breach of contract.  Such insurance is not terribly expensive, but  de rigueur for anyone looking to invest into the Ukraine, or into any  foreign market, for that matter.
  • Creation of a so-called Grey2White® program to allow investment where original capital, or business formation had murky roots, but can be fully re-mediated with application of strict compliance procedures, financial restructuring and accounting oversight.20160523_094104
  • Finally, despite of the current rainy weather, we are moving hard to add one more extremely effective tool, which has been missing in Ukraine’s economic development. Creating a safe umbrella for individual American-Ukrainian, Canadian-Ukrainian and members of Ukrainian diasporas in other countries to invest into the future of Ukraine.

What this means is a focused investment platform listed on a stock exchange and subject to a recognized US, or Canadian authority such as Securities Exchange Commission (USA), or Canadian Securities Administration (CSA). Such platform would will further be secured by protection of the political risk insurance and will, for the first time since Ukraine’s independence, allow individual investors with as little as $500! to invest,  to participate in Ukraine’s economic development, while having the umbrella of protection of the western laws, rules and regulations.  We call this platform “Develop UA”™ and expect to formally roll it out to the world in the middle of October, 2019 regardless of whether it is raining, or sunshine in Kyiv and Washington, DC.

relevant links

http://www.usubc.org/site/recent-news/doing-business-in-ukraine-now–usubc-roundtable-in-washington

https://ukrainian.voanews.com/a/amerykanksy-biznes-ukrayina/5051657.html

americanflagEagle

 

Getting Ukraine to become Fluent in EXIM.

How can US Exporters increase their exports to Ukraine and what do the latest developments mean for US EXIM programs there?

Featured Image -- 4182  Since the original Fluent In EXIM post was published on February 11th, several important events took place, which potentially may have an effect on how exports to Ukraine are financed by the Export Import Bank of the United States (US EXIM).

  • New President of Ukraine was inaugurated a few days ago, potentially putting the country on a different political course.
  • New, closer, date has been set for the elections of People’s Deputies into Ukrainian Rada
  • US Congress confirmed three new Board members thus opening the  way for US EXIM to finance  projects over $10 million with a duration of financing  longer than seven years

Although not on the same level of importance as the above events, in March, in partnership with the US Ukraine Business Council (USUBC), our Firm held a financing workshop in Washington DC to help participants learn about available government financing programs, with the US EXIM  representative and its authorized broker prominently prominently featured on the agenda.  We have also received numerous EXIM financing inquiries from Ukraine, particularly in the areas of agriculture, renewable energy, transportation and healthcare. A second workshop for USUBC members and invited guests will take  place in Lviv later this month.

In this post, we will examine what, if any, effect these changes shall have on the US EXIM’s programs currently in place for that country. We will  also look at the ways Ukrainian importers and US exporters can best take advantage of these programs.

Currently, US EXIM is only open in Ukraine for short (financing of trade up to one year) and medium-term (financing of $10 million per project up  to seven years)  programs. Thus reopening the US EXIM for the long-term programs will not have any effect on Ukrainian export transactions.

Election of  the new President and upcoming Rada elections also are  not expected to  affect the US EXIM programs for the foreseeable future.

Yet despite the absence of the long-term programs, US EXIM bank remains an effective tool for US exporters wishing to export goods and services to Ukraine. Under its short-term program, the Bank will insure against buyer non-payment and political risks up to 95 percent of the foreign receivables’ invoice value, thus allowing exporters to safely extend open account terms to foreign buyers (both private and  government) for periods up to one year, with 90-day, 120-day terms being most prevalent.  This is done by putting in place either a Single Buyer, or Multi-Buyer credit insurance by the exporter and then qualifying and insuring individual importers under these policies. Depending on the policy limits sought, EXIM employs different underwriting standards and requires increasingly deeper credit checks and financial documentation.IMG-1cae7e700ec217303b52f13cd14e1c96-V

Most qualified US exports, other than sales to of alcohol, tobacco and adult content, as well as sales to foreign military, may be insured; even equipment and services related to nuclear industry.  In Ukraine, larger private transactions will require a repayment guarantee from one  of the  five or so top banks and on the government side a sovereign guarantee is needed. Since it is almost impossible to obtain a UA government’s guarantee for smaller transaction amounts, the US exporters should focus selling their wares to the private sector.   The credit insurance may be obtained either from the Bank directly, or at no additional cost, through a cadre of US EXIM approved insurance brokers whose list is found on the exim.gov site.

Under its medium term programs, US EXIM can cover up to 85 percent of qualified US exports, including eligible freight and duty costs. As mentioned above, financing limit is $10 million per distinct transaction, and repayment terms of up to seven years apply.  For projects, which require local construction or installation (ex solar farms, grain silos), up to 30 percent of the financed amount maybe used to cover local costs performed by Ukrainian companies.

Depending on the project, repayment of the financing may be structured as interest only for up to two  years, with the balance of principal and interest paid out evenly over the remainder of the loan term.  Services such as engineering, architecture, design, legal and financial, all may be financed under this program.

Although US EXIM can lend funds directly at what is commonly known as a CIRR  rate, more often it  issues a its AAA rated guarantee and the exporters then approach an approved bank to secure financing rates, which are  usually more advantageous, as they are based on LIBOR and can either be variable, or fixed depending on the borrower’s preference.  Underwriting requirements of bank guarantee  for the private transactions, or sovereign guarantee for government purchases also apply. Many borrowers choose to finance the remaining 15% percent through those same  local banks  thus effectively securing 100% financing for their projects.

Since the process of securing financing and insurance coverage  through any government agency, or an international financial institution is quite complex, we always recommend  that clients engage a qualified and experienced financial adviser and a very competent law firm with extensive experience working with the US EXIM Bank.

To get more information on the upcoming Fluent In EXIM workshop in Ukraine, please  contact MorganWilliams at mwilliams@usubc.org

16ae9-ex-im2bbank

 

 

 

 

 

 

 

 

 

World Affairs Councils of America Welcomes Broad Street Capital Group as National Affiliate Member and Sponsor

Washington, DC, May 14, 2019 — The World Affairs Councils of America (WACA) is pleased to announce that Broad Street Capital Group (www.broadstreetcap.com) has joined WACA as a National Affiliate Member, sponsor of the WACA National Conference, and member of its prestigious 1918 Society.

_IMG1753 (3)

Broad Street’s expertise in advising on foreign direct investment (FDI) strategies in emerging and frontier market countries and WACA’s ability to convene foreign government leaders and influential audiences through its extensive network of more than 90 World Affairs Councils across the United States will provide a powerful platform for U.S. companies targeting investment opportunities and seeking policy and regulatory knowledge in these markets.

Broad Street will tap the WACA platform to conduct a national tour to educate potential U.S. investors on available U.S. Government financing options, as well as political and trade risk mitigation tools. WACA will assist Broad Street in organizing bilateral trade missions and curated foreign policy tours to highlight economic advantages of the target markets and to facilitate trade and investment opportunities.

“It is an honor and a privilege to become WACA’s newest National Member,” said Alexander Gordin, co-founder and Managing Director of the Broad Street Capital Group.  “My colleagues and I look forward to helping this prestigious 100-year old national organization to grow into the next century of its existence.  Foreign direct investment is an essential  part of sound foreign policy for any nation and having such an esteemed partnership with the WACA network’s convening power on this issue, would definitely bring significant measurable results.”

“WACA is delighted to collaborate with Broad Street and we look forward to inviting leading investors and representatives of foreign investment agencies as guests of the Broad Street Capital Group at WACA’s 2019 National Conference in Washington, DC,” said Bill Clifford, President and CEO of the World Affairs Councils of America.

Scheduled for November 6-8 at the Mayflower Hotel in DC, the WACA Conference will feature more than 50 leaders and policy experts on the theme: “The 8 Forces Reshaping the Global Economy.”

About the Broad Street Capital Group

Based in the heart of New York City’s Financial District, Broad Street Capital Group (www.broadstreetcapital.com) is an international private merchant bank, which since 1988 has served several foreign governments, multiple state-owned companies, as well as SMEs in emerging markets. Through its member companies, the Group focuses on developing project financing in the $100 million to $1 billion range, providing political risk mitigation, export management services and cross-border market development advisory. The Firm maintains a permanent presence in London, Budapest, Kyiv, Tashkent, and  Astana, .  Since its founding, Broad Street Capital Group has done business in over 35 countries, spanning the emerging markets landscape from Bangladesh to Ukraine.

The Firm works closely with all trade and development agencies of the U.S. Government and Export Credit Agencies of several European and North American countries. Since its inception, Broad Street Capital Group has been involved in multiple high-profile cross-border transactions in IT/telecom, aerospace, health care, energy generation, food security, nuclear safety, hospitality and franchising sectors. The firm’s current advisory and export management portfolio exceeds $900 million.

About the World Affairs Councils of America

The World Affairs Councils of America (www.worldaffairscouncils.org) is an independent, nonpartisan organization dedicated to engaging the public and leading global voices to better understand the world, America’s international role, and the policy choices that impact our daily lives and our future. WACA carries out its mission by:

  • Supporting more than 90 World Affairs Councils across the United States and promoting programs and educational initiatives for diverse local audiences – from classrooms to C-suites, from town-hall style community forums to conferences in the nation’s capital.
  • Developing Councils’ convening power nationwide by providing face-to-face connections and dialogue with global leaders, business executives, policy and trade experts, ​social innovators, and distinguished opinion makers.
  • Partnering with organizations that seek to reach out to “grassroots” and “grasstops” citizens, disseminate research, mutually expand networks and transform how people, enterprises, and governments think about the world.
  • Challenging the next generation to develop leadership skills and global acumen so that our communities can better compete, collaborate, and make informed decisions.

20180318_082300.jpg

 

Senate vote restores full financing capabilities of the US EXIM Bank

(story by CC Solutions)

The U.S. Senate confirms three EXIM board members, thus allowing the Bank to restore all its financing programs

Companies in Berlin, Germany; Shanghai, China; Melbourne, Australia, and Delhi, India have long enjoyed the full support of their export credit agencies, which have helped them reach new markets, grow, prosper, and increase employment in their respective countries.
Today, exporters in Berlin, Connecticut; Shanghai, West Virginia; Melbourne, Florida; Delhi, New York; and thousands of other cities and towns in the United States can finally say that they have the full support of their own export credit agency. This morning the U.S. Senate voted overwhelmingly to confirm Kimberly Reed as President of EXIM, and Spencer Bachus III and Judith DelZoppo Pryor, as Members of the agency’s Board of Directors. With the confirmation of these officials, EXIM now has a board quorum, and is now able to approve financings larger than USD 10 million and longer than 7 years, something it has not been able to do since 2015.

For those companies interested in learning more about long-term  US-EXIM programs please contact Broad Street Capital Group at info@broadstreetcap,com

61ae8-exim-bank1

Lots of financing options, yet modest results

How to successfully develop and finance more quality projects in emerging markets?  (Part 1)

Problem:

Last week, at a financing round-table organized by the US-Ukraine Business Council (USUBC) – representatives from the IFC, EBRD, OPIC and US EXIM bank reaffirmed their commitment to financing projects and trade with Ukraine.  They also demonstrated a whole host of very effective financing and insurance tools, available for use in Ukraine and other emerging markets.

At the same event, these esteemed organizations mentioned multiple success stories and yet each only named half a dozen, or so, of the largest Ukrainian companies (a few were the same names repeated by several institutions).  They also addressed fairly effective wholesale funding arrangements with local banks to serve local small and midsize businesses (SMEs).

Yet, each of representatives has acknowledged a serious problem, which acutely manifests itself in Ukraine and in other emerging markets: lack of strong bankable projects in the $10-75 mil. range, a segment widely considered the main economic driver and job generator in emerging market countries such as Ukraine.Fi3E Badge

Also noted were lack well-developed and bankable public sector projects in segments such as healthcare.

Thus given widespread availability of interested project sponsors, along with multiple public financing tools and risk mitigation products, what can be done to bridge the gap and convert more deal concepts into real deals with realistic financing and true economic impact?

Solution:

It is all about proper packaging.   Although the institutions are willing and able to lend,  they each have very specific goals and requirements.  Yet, the project sponsors/borrowers, oftentimes are not able to conform to those requirements, despite the fact that their financials and business plans are often sound.   (To Be Continued)

Ship Modeler

Ship Modeling News by Clare Hess

Site Title

“Love recognizes no barriers. It jumps hurdles, leaps fences, penetrates walls to arrive at its destination full of hope.” — Maya Angelou

Fluent In Foreign Business

Helping To Grow and Protect Your Business Abroad

Emerging Market Insights

How to make a killing in Emerging Markets without losing your shirt?

Ideas That Work @ GIDASPOV.COM

Strategy | Creativity | Innovation | Fundraising | Marketing

Nu Leadership Revolution Blog

“Helping Emerging Leaders Gain the Competitive Advantage in the Future"

Mike Z's Blog

Exploring the causes of cancer throughout the world

Bucket List Publications

Indulge- Travel, Adventure, & New Experiences

Acceler8Success Cafe

Dedicated to Entrepreneurial Success!

bizrisk.wordpress.com/

We Help Insurance Agencies Stand Out

The WordPress.com Blog

The latest news on WordPress.com and the WordPress community.

%d bloggers like this: