UN urges responsible ECA lending to protect human rights

(Eurodad, Brussels, 21 June 2010) The UN independent expert on debt and human rights has sent a report to the UN Human Rights Council on his Missions to Norway and Ecuador. The report supports debtor countries’ right and obligation to prioritise human rights over debt servicing and calls on creditor countries to take responsibility for failed lending policies and irresponsible behaviour... The UN expert’s appeal falls at a critical moment, as some European governments are currently rushing to approve new export credit loans to boost their national exporting sector –heightening the risk of irresponsible lending.