Camisea scrutiny

Environmentalists and lawmakers criticized the White House for staying on the sidelines when multilateral bankers approved public financing for a portion of Peru's $1.6 billion Camisea project.Citing environmental reasons, the US Export-Import Bank Aug. 28 rejected $214 million in financing for the massive natural gas development within the Peruvian rainforest. But the US later abstained from a Sept. 10 vote by the Inter-American Development Bank (IDB) to provide $135 million for the transportation section of the proposal (OGJ, Sept. 15, 2003, p. 37).IDB is the largest source of multilateral financing for Central America and the Caribbean. It is owned by 46 member countries: 26 borrow...

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