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Export Credit Agencies As Drivers of Human Rights
Published online by Cambridge University Press: 10 September 2021
This chapter highlights the importance of the incorporation of international standards into national laws establishing ECAs. With this aim in mind, the global architecture would benefit from enhancing the commitments made through international standards so that adhering states shall be compelled to pass legislation mandating ECAs to conduct human rights due diligence. Furthermore, stakeholders should be properly consulted. Most important, efficient enforcement mechanisms are needed to ensure that a formal complaint process enables stakeholders to challenge loans granted by ECAs on the basis of human rights and environmental violations.
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