Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-396-437"
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"en.20110913.34.2-396-437"2
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"This report concerns the proposal for a decision of the Council on the application of certain guidelines in the field of officially supported export credits. Most industrialised countries, including all EU Member States and most emerging countries, have at least one officially supported export credit agency (ECA), which is usually an official or quasi-official branch of their government. ECAs collectively account for the world’s largest source of official financing for private sector projects. Their financing of large industrial and infrastructure projects in developing countries is several times greater than the combined annual funding of all multilateral development banks. The collective magnitude of the export credit guarantees provided in the period 2004-2009 by the ECAs of the EU Member States was in the region of EUR 468 billion. The rules to which the ECAs are subject do not prevent the lack of transparency, in disrespect of the discipline included in the Organisation for Economic Cooperation and Development Arrangement. The current
also facilitates bribery and corruption. I voted for this report, which puts forward concrete proposals with a view to greater transparency in the activities of these entities."@en1
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