ECA Watch leaves OECD consultation in protest over lack of dialogue

On 5 November 2007 ECA Watch attended and then walked out of an OECD Export Credit Working Party (ECG) "consultation" with civil society organizations in protest at the lack of substantive response over the past decade to ECA Watch proposals regarding international best practices. ECA Watch calls for more formal, transparent peer review of OECD ECA monitoring and compliance with ECG and other OECD policies, such as the country reviews carried out by other OECD committees. This is especially necessary given the substantial incoherences between OECD Member ECA practices and OECD policies on bribery, sustainable development, unproductive debt, respect for the OECD MNE Guidelines and taxpayer funded subsidies to exporters, to mention but a few. ECA Watch looks forward to exploring improved consultation processes with the ECG Secretariat and in other OECD, national and international fora.