The ECGD: Rum business

An excellent piece by Lisa Nandy MP on the shady world of the Export Credits Guarantee Department (ECGD). Essentially, it’s little more than an official, tax-payer funded money laundering unit… Money quote: There is no more important time to reform this highly secretive and potentially damaging department. Currently the ECGD supports a handful of big […]

Ceasefire Bites - Posted on Tuesday, April 26, 2011 13:45 - 0 Comments

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An excellent piece by Lisa Nandy MP on the shady world of the Export Credits Guarantee Department (ECGD). Essentially, it’s little more than an official, tax-payer funded money laundering unit…

Money quote:

There is no more important time to reform this highly secretive and potentially damaging department. Currently the ECGD supports a handful of big companies operating in just a few sectors. Last year, virtually all of its support went to one company – Airbus.

Time to end the underwriting of unethical business abroad | Lisa Nandy | Comment is free | guardian.co.uk.

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