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In support of the World Bank and International Monetary Fund’s efforts to help countries to achieve their Millennium Development Goals (MDGs) without creating future debt problems, Members of the Working Party on Export Credits and Credit Guarantees have agreed Principles and Guidelines to promote sustainable lending practices in the provision of official export credits to low-income countries. [READ MORE]
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18-Aug-2008
This is the current list of countries that are currently subject to concessionality requirements from the IMF and/or IDA.
For those IDA-only countries without concessionality requirements to the IMF and to IDA,the provision of official export credits should take into account the results of the most recent IMF/World Bank country-specific debt sustainability analyses (DSAs) conducted within the joint Debt Sustainability Framework.
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20-Jun-2008
The provision of official export credits to public and publicly guaranteed buyers in low income countries should reflect Sustainable Lending practices (lending that supports a borrowing country’s economic and social progress without endangering its financial future and long-term development prospects).
ECG Members agree to apply principles to obtain reasonable assurances that their commercial lending decisions are not likely to contribute to debt distress in the future in relation to any official export credit with a repayment term of one year or more.
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