(IPS, Washington, 15 September 2008) After funding a predictable boondoggle of a pipeline, the international lender hightails it out of an impoverished African nation. While this commentary focuses on the role of the World Bank, the U.S. Export Import Bank and French ECA Coface also supported this project despite NGO warnings that ” it would only exacerbate conflict in a country where corruption, poverty, illiteracy and ill health was at record levels.” ECA Watch would like to know if OECD ECAs have followed the example of the World Bank and foreclosed their loans and/or loan guarantees which were based on the conditions the World Bank now acknowledges have not been met.
Date
11 September 2008
