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

This short paper examines discrepancies between free wheelingexport credit agencies (ECAs) and their sibling bi-lateral aidagencies, which are subject to the global decision process forsustainable 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 andenvironmental safeguards policies, to which multilateral developmentbanks (MDBs) are subject. China is no longer an ordinary borrowerin MDBs; it is an important donor. As a responsible financierin development, the China Exim Bank needs to develop its operationalpolicies and procedures.