A Race to the Bottom: Creating Risk, Generating Debt and Guaranteeing Environmental Destruction (March 1999)

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Publicly owned bilateral export credit agencies and investment insurance agencies (ECAs) are an increasingly important class of international finance institutions that support a growing number of privately owned project ventures abroad. Many of these projects present major threats to the environment and people of the affected regions. A Race to the Bottom: Creating Risk, Generating Debt and Guaranteeing Environmental Destruction provides a series of case studies exploring a sample of the environmental and social problems caused by these publicly owned institutions.