Launched to coincide with the release of Avoiding Solutions: How ECAs help companies that continue to evade tax, this press release calls upon European governments to advocate for a redefined and stricter definition of Tax Havens and clear rules to stop ECAs supporting companies that operate through them.
This briefing note shows the folly of G-20 plans to increase ECAs’ capacity without ensuring they bring in regulations aimed at halting their support for companies that take advantage of tax avoidance loopholes such as offshore financial centres. It ends with a series of recommendations for ensuring ECAs are held to government policies.
A new FERN funded report by Kavaljit Singh on the EU-India Free Trade Agreement with a strong focus on the banking sector. The report asks the question who benefits from FTAs and shows that opening up India for European banks can have negative impacts for India
This briefing note by Both ENDS and FERN highlights the fairly hidden role of Export Credit Agencies (ECAs) in the debt problems of many developing countries. It explains how export credit debt comes about, and clarifies how the cancellation of export credit debt is written off with Official Development Assistance (ODA) money. It concludes with suggestions about how ECAs should change, in order to become coherent with international efforts to reduce poverty through sustainable development.
While the threat of climate change and the urgent need
for action become ever clearer, air transport and other
polluting industries are expanding on a massive scale. Supposed
green pioneers such as Germany are supporting the trade with public money it hands out through its export credit agency Hermes
AG. This joint briefing note by urgewald and FERN focuses on these contradictions and looks for a way out of a
system that speaks of concern about climate change whilst funding some of its
biggest causes.
FERN's new report, Exporting Destruction, shines a light on the role that export credit agencies (ECAs) play in financing global deforestation and produces a set of policy recommendations to reduce their negative impacts on forests.
Brussels,
29 November 2007 – With
a resounding majority (540 MEPs in favour), the European Parliament today passed
a resolution on trade and climate change which calls for “the discontinuation
of public support, via export credit agencies and public investment banks, for
fossil fuel projects”.
FERN's new report, Exporting Destruction, shines a light on the role that export credit agencies (ECAs) play in financing global deforestation and produces a set of policy recommendations to reduce their negative impacts on forests.
