The taxpayer-backed export credit agencies of industrialised countries are underwriting the bribery and corruption of large, mainly Western, companies operating abroad.
Export Credit Agencies, Corporate Welfare and Policy Incoherence
Nicholas Hildyard
30 June 1999
Projects backed by export credit agencies (ECAs) are frequently environmentally destructive, socially oppressive or financially unviable. It is the poorest people in the countries where the projects are located who end up paying the bill. With rare exceptions, the major ECAs lack mandatory environmental and development standards, and are secretive and unaccountable.
