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Newswire on the IFIs
- Financial crisis 'will drive up debt repayments for poorer nations'
- The Jamaicanisation of the eurozone
- ILO leadership election must not be another charade
- Indian Law Resource Center calls on UN Permanent Forum on Indigenous Peoples to improve World Bank safeguards policies
- Social organisations in El Salvador critique the World Bank's FCPF
- A developing world of debt
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Press Responses : Tuesday, May 15, 2001
Export agency to open books
Mark MacKinnon, Globe and Mail
Tuesday, May 15, 2001
Ottawa -- In an effort to counter a damning report expected to be handed down today, the federal government's export-development agency is planning to open its books to public scrutiny for the first time in its 32-year history. Sources say that interim auditor-general Sheila Fraser's report will harshly condemn the Export Development Corporation for ignoring environmental and social factors in choosing which projects to fund. A group of non-governmental organizations said yesterday the EDC's reckless lending has supported projects that uprooted families and wrought environmental disruption.
