Brussels, 26 March 2010
Mr. Steve Tvardik
Head, Export Credits
Organization for Economic Cooperation and Development
Dear Mr. Tvardik,
Thank you for the opportunity to provide comments on the on-going review of the Sector Understanding on Export Credits for Renewable Energies and Water Projects (Sector Understanding) by the Participants to the Arrangement on Officially Supported Export Credits (Participants).
We have outlined our comments starting with our overall concern about ECA financing of fossil fuels and then following this up with specific inputs to sections of the Sector Understanding. It ends with a short conclusion bringing together the main issues to concentrate on.
Overall Issue: The need to end fossil fuel financing