Bi-lateral Policy Orientation in the Multilateral Development Policy: A Challenge for the China Exim Bank and its Accountability

摘要

This short paper examines discrepancies between free wheeling export credit agencies (ECAs) and their sibling bi-lateral aid agencies, which are subject to the global decision process for sustainable development. Each ECA is an arm of the government. The Export–Import Bank of China is no exception. Ironically, any government that finances its ECA has supported social and environmental safeguards policies, to which multilateral development banks (MDBs) are subject. China is no longer an ordinary borrower in MDBs; it is an important donor. As a responsible financier in development, the China Exim Bank needs to develop its operational policies and procedures.