Northern Africa and the Middle East (NAME)
Section Articles
"Race to the Bottom, Take II" (September 2003)
This report critiques Revision 6 of the OECD Common Approaches on environment and export credits, and documents nine projects (including the Cernavoda2 nuclear power plant and the Three Gorges dam) which have had devastating environmental, social and human rights impacts, and which have all received (or will soon recieve) funding by Export Credit Agencies, including Canada's EDC. The report argues that the Common Approaches did little to mitigate the devastating social, environmental and human rights impacts of ECA-funded projects.
Letter to EDC President re Yamula Dam - September 5, 2003
GE Canada recently won a bid to supply generators to the Yamula Dam in Turkey. It is likely that EDC will, or already has been, approached by the company and be asked to provide some sort of financial support. This letter asks EDC how they plan to categorize the project, and whether it will attach conditions similar to those the German ECA were proposing.
