ECA Watch: Press Room

The ECA Watch Press Room periodically posts press materials generated by NGOs participating in the international Export Credit Agency (ECA) reform campaign.

ECAs are now collectively among the world's largest public financiers of private sector industrial projects in developing countries which often have devastating environmental and social impacts. For example, ECAs' financial support for heavy-impact oil, mining and gas projects in developing countries now eclipses that of the World Bank Group and all other major multilateral finance institutions combined.

This section is designed to disseminate information related to ECAs and connect journalists with NGOs participating in ECA Watch. - whether it be through press contacts, background information, or news stories.

Please visit this page regularly by bookmarking it, or subscribe to our mailing list "ECA Action" and we'll keep you up to date on ECAs!

2004-2005 Press Items

ECA Watch Opposes Inclusion of Large Dams as Renewable Energy April 15, 2005 Under Export Credit Incentives for Renewable Energy Projects. Damaging water privatization and large dam power projects stand to gain subsidies along with more sustainable projects under the new OECD Guidelines for Officially Supported Export Credits.

2001-2003 Press Items

2003 Press Release: Groups Blast Weak OECD Agreement on Environment
December 2003: A common agreement among Export Credit Agencies (ECAs), likely to be adopted today at the Organization for Economic Co-operation and Development (OECD), has been heavily criticized by ECA Watch.

2003 Press Release: Export Credit Agencies Continue Ecological and Social Race to the Bottom
September 2003: International Report Spotlights Problems as OECD Negotiations Reopen: As government negotiations reopen September 16 at the OECD on the environmental guidelines for Export Credit Agencies, ECA Watch has launched a report entitled "Race to the Bottom II". The report is highly critical of the current draft environmental framework.

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