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Public Protest before Spanish Export Credit Agency in Madrid to Block Financing of Uruguayan Papermill

April 17, 2006 – Tomorrow morning in central Madrid, the Junta de Consejeros Delegados de CESCE (the Spanish Official Credit Export Agency) will meet to discuss a proposal to secure a Spanish Government loan of US$350 million to ENCE (the Spanish company to build one of the controversial Papermills in Uruguay on the Argentine border). ENCE has been forced to stop construction of its mill, due to freezing of financial support from the World Bank’s IFC and other financial entities, following complaints submitted to the CAO and to private banks by CEDHA, the Provincial Government of Entre Rios, and by the Citizen’s Environmental Assembly of Gualeguaychú Argentina, who would be directly impacted by the contamination of the two debated papermills.

The campaign ¿Who owes whom? –an alliance of 50 organizations – as well as dozens of other Spanish groups –including Ecologists in Action, Greenpeace, Engineering without Borders, The Debt Observatory, and others– , and even CESCE’s own Business Committee, reject official support to ENCE. Groups will gather tomorrow morning in front of CESCE to publicly display their disapproval to CESCE’s consideration of support to ENCE.

For more information see:
http://www.quiendebeaquien.org/article.php3?id_article=150
http://www.quiendebeaquien.org/article.php3?id_article=151

More Information

For more information contact:

Jorge Daniel Taillant
Center for Human Rights and Environment (CEDHA)
Tel. 54 3541 494 162
Cel. 54 9 351 625 3290
jdtaillant@cedha.org.ar