Resources: Economics and finance, Export Credit Agencies, Corner House Briefing Paper

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Export Credit Agencies, Corporate Welfare and Policy Incoherence
Nicholas Hildyard

30 June 1999

14. Projects backed by export credit agencies (ECAs) are frequently environmentally destructive, socially oppressive or financially unviable. It is the poorest people in the countries where the projects are located who end up paying the bill. With rare exceptions, the major ECAs lack mandatory environmental and development standards, and are secretive and unaccountable.