Financing is essential for international trade. The world's official export credit agencies play a vital role by providing loans, guarantees and insurance for such finance. This publication offers a comprehensive description of the official export credit systems of OECD Member countries and non-Member economies. These systems account for the overwhelming majority of the export credit support provided by governments worldwide.
This publication also includes the latest version of the Arrangement for Officially Supported Export Credits, which is the only international agreement on disciplines regulating the provision of official export credit support. The disciplines of the Arrangement cover, inter alia, official financing support, maximum repayment terms, minimum risk premiums and trade-related aid for projects, goods and services sold on credit terms of two years or more. This publication also includes the complementary agreement on flexible terms for project finance transactions.
Additionally, this publication provides information about important work undertaken by the OECD's Working Party on Export Credits and Credit Guarantees regarding the relation between officially supported export credits and broader concerns of Member governments and civil society, including environmental issues, efforts to combat bribery, and debt sustainability of highly indebted poor countries. In this context, the OECD Recommendation on Environment and Officially Supported Export Credits, adopted by the OECD Council at the end of 2003, is also included in the publication.
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