ECA supported 3 Gorges dam in China proves to be environmental disaster

(Financial Times, London, 7 Nov. 2007) International organisations such as the World Bank and the US ExIm Bank that refused to be associated with the dam have been vindicated now as the budget spirals out of control and officials at every level acknowledge the many problems associated with uprooting more than a million people and destroying the Yangtze's delicate ecology. But for long-time opponents of the dam, the government's belated admissions of failure are a pyrrhic victory at best. Export credit agencies provided some $1.5 Billion of support for the 3 Gorges dam.