Publications Index
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2007/05/02
German, Austrian and Swiss ECAs approved support for the Ilisu dam project in March despite protests that environmental impact studies are inadequate, the project does not meet international standards and Turkey has not... more
2007/05/01
Following their approval on April 24, 2007, the OECD's new Common Approaches on the Environment and Official Export Credits have yet to be made public. Article 13 of the new Recommendation, not yet approved... more
Briefings & reports from ECA watch members
2007/04/19
ECAs: Euler Hermes Deutschland AG, Export-Import Bank of the United States
Issue: Large Dams
Many environmentalists consider the massive Three Gorges Dam as the world's most environmentally and socially destructive infrastructure project. The Three Gorges Dam is touted by the Chinese government as the worlds largest hydroelectric project and a symbol of Chinas development and "...
more
2007/04/08
(SinoFile.net, Beijing, 10 April 2007) German ECA Euler-Hermes continues to expand its business in China, partnering with Sinosure, the country's official export credit... more
2007/04/07
(Guardian, London, 4 April 2007) During the crisis triggered by Iran's capture of 15 British naval personnel, Charles Tannock, conservative foreign affairs spokesman in the European parliament, suggested Europe should take a united stand on the Iranian crisis by suspending export credit guarantees... more
2007/04/06
(World Trade Magazine, Washington, 1 April 2007) Eleven US companies are competing to sell protection against the risk of non-payment by foreign customers. That has brought expanded capacity to handle risk, an intense rivalry, lower premium rates, and more varied underwriting strategies. There’s... more
2007/04/05
(Financial Express, Mumbai, 14 April 2007) Export Import Bank of India (EXIM) has extended two lines of credit worth USD 40 million to Mali and Dijibouti, taking the aggregate credit commitments by the bank to USD 2.30 billion.
2007/04/04
(ECGD, London, 23 April 2007) The Yansab (Arabic for "smooth") complex, will be built on the Red Sea coast in the industrial city of Yanbu by SABIC (Saudi Basic Industries Corporation). The complex, which is due to start production in mid-2008, will contain the world's biggest ethane 'cracker' and... more
2007/04/03
(ECA Watch, Paris, 25 April 2007) The UK Government's decision to drop a Serious Fraud Office investigation of allegations that BAE Systems was involved in the bribery of Saudi officials linked to a major ECGD supported arms sale has led to a series of charges that both BAE and the UK Government... more
2007/04/02
(Corner House/KHRP/WEED, 25 April 2007) Despite misleading ECA and Turkish claims of Iraqi approval of the Ilisu dam, Iraq's Water Minister has stated that no consultations or negotiations had taken place prior to the ECAs’ decision despite this being prescribed by international law. Turkey did not... more
2007/04/01
(ECA Watch, Paris, 26 April 2007) On April 23-24, 2007, the OECD's secretive Export Credit Working Group (ECG) apparently approved revised and weakened environmental and social standards governing projects supported by export credit guarantees or loans of greater than 10 million SDRs (US$15.3... more
Letters & statements
2007/03/19
(March 19, 2007) At the occasion of the Newroz celebrations 2007, the European ECA Reform Campaign reaffirms its opposition to European export credit support for the planned Ilisu Dam in Southeast Turkey. It also expresses solidarity with the many thousands who are currently...
more Dodgy Deal: Ilisu Dam
Issue: Human Rights, Large Dams
External reports and publications
2007/03/18
Member: Corner House, FERN
(March 14, 2007) Investment is not just a blandly apolitical process by which money is mysteriously made to...
2007/03/07
(Reuters, Maputo, 20 March 2007) China's Export-Import Bank has agreed to finance studies for the Moamba Major project. South Africa, the economic powerhouse in the region is expected to absorb the bulk of the additional electricity produced in neighbouring Mozambique.
2007/03/06
(JIBC, Tokyo, 12 March 2007) The Japan Bank for International Cooperation has published it's latest set of Category A, B and C projects received for screening. As noted in July 2006, JIBC does not provide a value for... more