Parliament: The House In Brief: Export credits shake-up urged
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Your support makes all the difference.THE CONTROVERSIAL agency which guaranteed Britain's pounds 500m sale of Hawk jets to Indonesia should have most of its business turned over to the private sector, a committee of MPs heard yesterday.
Insurers told the Trade and Industry committee that a review of the Export Credit Guarantee Department should make radical changes in the way the organisation runs. Marie-Louise Rossi, chief executive of the International Underwriting Association, said: "It appears to me that far from alleviating the debt of less-developed countries, the impact of export credit policies may well add to the burden."
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