U.S. Export-Import Bank votes against loan guarantees for Camisea gas project in Peru - victory for environmental & indigenous groups

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Author: Reuters

El directorio del Ex-Im Bank votó en contra de suministrar garantías de préstamos por 214 millones de dólares para financiar el proyecto del gas de Camisea...La votación es vista como una victoria para las agrupaciones indígenas y ambientalistas

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28 August 2003

Peru denied Export-Import bank funds for gas project

Author: Pablo Bachelet, Reuters

The Export-Import Bank of the United States dealt a blow to Peru on Thursday by voting against $214 million in loan guarantees for the Camisea natural gas project..."It was rejected because it didn't fully meet the Ex-Im Bank's environmental guidelines." Camisea is being built by two consortia which include Argentina's Pluspetrol and Techint and Hunt Oil of the United States. The project would turn Peru into a net exporter of hydrocarbons. Thursday's vote marked a victory for environmental and indigenous groups

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