Economic justice policy officer
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The secret life of export credit agencies
August 1, 2019 | Read more
When respectable, risk-averse development banks turn away from a project, oftentimes export credit agencies (ECAs) are the ones to step in. These government-backed institutions manage hundreds of billions of dollars annually, investing mostly in large infrastructure projects in politically-volatile countries, while avoiding the same scrutiny as other public financiers.
The preparation of the Skopje Green City needs to be transparent and to include citizens and civil society in a meaningful way from the early stages of planning.
The European Commission’s July 2019 infringements package list [1] prominently features Romania. The country is called out for its industrial installations operating without an environment permit and “a systemic failure to monitor air pollution”.
Prague, Brussels – The European Investment Bank, the house bank of the EU, is proposing to end financing for all fossil fuels beyond 2020, becoming the first multilateral financial institution to make such a commitment in line with the Paris Agreement.
The Turkish state fund TMSF opened a new round of bidding for the troubled Adularya coal power plant only two weeks after a second unsuccessful attempt to sell the project. The move is unexpected because this third round preempts statements by the Czech Minister of Industry and Trade, which had said it planned a visit to Ankara to understand why the tender failed for the project that has been plagued by legal challenges.
