| Alleged human rights and environmental violation in Ecuador | |
|---|---|
| Lead NCP | Germany |
| Supporting NCP(s) | None Selected |
| Description | Specific instance notified by an NGO regarding the activities of a multinational enterprise in Ecuador. |
| Theme(s) | Environment, Human rights |
| Date | 15 May 2003 |
| Host country(ies) | Ecuador |
| Source | NGO |
| Industry sector | Financial and insurance activities |
| Status | Not accepted |
| Summary | In May 2003 the German NCP received a request for review from an NGO alleging that a bank in Germany had breached the environment and human rights provisions provisions of the Guidelines in Ecuador through their participation as a creditor in a syndicated loan to finance a pipeline project in Ecuador which the NGO believed was in violation of the Guidelines. After analysing the request the NCP concluded that it did not merit further consideration as the Guidelines apply to investments and not to loans. The NCP duly concluded the specific instance. #projectfinance |
