(August 29, 2005) Export Credit Agencies (ECAs) have a long history of granting support for large dams in the South – often at great costs for the poorest sectors of society. The world’s most powerful ECAs have negotiated a special agreement within the OECD which will give dam builders additional subsidies to revive the hydro industry. In this report, FERN and The Corner House argue that privileged treatment for large dams must be conditional on projects complying with international best practice aiming at mitigating the negative impacts on people and environment.
