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Export Credit Guarantees: Sustainable Development

Volume 467: debated on Thursday 22 November 2007

To ask the Secretary of State for Business, Enterprise and Regulatory Reform if he will bring forward proposals for legislation to make it a duty of the Export Credits Guarantee Department to promote sustainable development. (166590)

ECGD already operates to a set of business principles which include ensuring its activities take into account the Government’s international policies, including those on sustainable development.

When ECGD considers support for a project, it not only looks at the payment risks but also at the underlying quality of the project, including its environmental, social and human rights impacts.