Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-270-125"

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"− Export credit agencies (ECAs) have been playing an increasingly important role in supporting all types of investments, thus contributing to reducing the impact of the current economic and financial crisis by creating jobs, and by supporting the trade and investment of companies that would otherwise not be granted credit in the private sector. ECAs have become the major source of public finance for developing countries. A significant proportion of export credit financing projects in developing countries are concentrated in sectors such as transport, petroleum, gas and extractive industries, as well as in major infrastructure projects, such as large dams, for example. However, it is important that ECAs’ activities be closely supervised, so as to prevent future problems."@en1

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