The Export Credit Group (ECG)

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The full title of the ECG is the "Working Party on Export Credits and Credit Guarantees". The ECG is an OECD body; it was set up in 1963, and is charged with carrying forward the work of the OECD in the field of export credits.

All OECD countries, with the exception of Chile and Iceland, are Members of the ECG. The European Commission participates fully in the ECG meetings, which are also attended by the International Union of Credit and Investment Insurers (the so-called Berne Union); the WTO is an Observer and other organisations, e.g. World Bank, IMF, UNEP, EBRD, are invited to meetings when issues of mutual interest are discussed.

The ECG is made up of senior government officials with a major responsibility in the formulation of export credit policies, accompanied by senior officials of the export credit institutions. The general objectives of the ECG are to:

Evaluate export credit policies.
Determine the problems which arise.
Resolve or mitigate these problems by multilateral discussion.

Further objectives of the ECG are to aim, on the basis of experience acquired from the discussions, at:

Working out common guiding principles.
Considering all possibilities of improving co-operation between Member countries in this field, by such means as prior consultation, prior notification and/or a question and answer procedure or by other suitable means.