Connecting Nature, Power and Poverty FPIC for ECAs

August 31, 2005 (World Resources Institute) A major Washington-based think tank is calling for greater local and democratic control over environmental resources as the most effective means to lift some two billion people out of rural poverty. The report calls for the mandatory adoption by all parties, such as multilateral agencies, export credit agencies (ECAs), and private banks and investors, of "free, prior, and informed consent" (FPIC) practices that would guarantee local communities a formal role.