Hungary’s export credit agency EXIM stops funding for coal
July 7, 2021
Gergely Jákli, the CEO of EXIM officially confirmed in a letter dated 27 May 2021 to Bankwatch member group MTVSZ (Magyar Természetvédők Szövetsége / Friends of the Earth Hungary) that the agency will no longer support coal-related projects.
No proper benchmark for checking European Export Credit Agencies’ compliance with EU objectives
September 4, 2020
Despite being the biggest class of public finance institutions operating internationally, export credit agencies (ECAs) are rarely subject to any public scrutiny. European ECAs declare the compliance with the non-binding OECD Common Approaches standards, but it’s an insufficient benchmark for evaluating compliance with the EU’s External Action obligations as stated by the relevant EU Regulation.
Policy coherence and transparency of EU export credits
November 3, 2019
Member State-backed loans lack transparency. EU legislation requires states to report to the European Parliament to review the compliance of export credit agency (ECA) activities with Union objectives and obligations, including on climate and human rig
