Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-268-875"
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"en.20110405.13.2-268-875"2
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"−
We believe there is a need for greater supervision and control of export credit agencies (ECAs), with regard both to exports, and to investments and finance, as their lack of transparency causes immense harm by encouraging bribery and corruption.
ECAs are public instruments that are used a great deal by the EU to contribute to financing its international objectives, and economic and geostrategic interests, which cannot be separated from objectives of dominating and controlling regions and countries, leading to the creation of veritable neocolonial relationships. Investments financed by ECAs frequently bring no benefit to the countries that are their supposed beneficiaries.
The drawing up of guidelines for export credits is aimed at getting around the announced end to direct aid within the framework of World Trade Organisation agreements, which is pressurising developing countries to accept the signing of the Doha Round. The main objective of direct aid or credit continues to be the control of markets and natural resources, the exploitation of workers, and the use of products or investments to control the sovereignty of destination countries that are made possible by ECA financing."@en1
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