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ECA Watch Campaign Goals
| Since 1996, NGOs from many countries have joined forces in an
international campaign to reform ECAs. The goals and demands
of the campaign are best described in the Jakarta
Declaration for Reform of Official Export Credit and Investment
Insurance Agencies, endorsed by over 300
NGOs following a May 2000 international ECA reform strategy
session in Jakarta, Indonesia. While focusing on the impacts
of ECAs in Indonesia, the Jakarta Declaration
has a global "call for reform" that includes:
- Transparency, public access to information and consultation
by ECAs and the OECD ECA Working Party;
- Binding common environmental and social guidelines and standards
that are no lower and less rigorous than existing international
procedures and standards for public international finance such
as those of the World Bank Group and OECD Development Assistance
Committee;
- The adoption of explicit human rights criteria guiding the operations
of ECAs;
- The adoption of binding criteria and guidelines to end ECA abetting
of corruption;
- The adoption of a commitment only to finance economically productive
investments;
- The adoption of comprehensive relief for developing countries
for ECA debt.
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