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.
Export Credit Debt. How ECA support to corporations indebts the worlds poor
10 June 2008