Members of the OECD Working Party on Export Credits and Credit Guarantees (ECG) are playing their part in the fight against bribery in international business transactions.
In parallel with the development of the 1997 Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, the ECG investigated how bribery was being addressed under Members' national export credit systems and, as a result, agreed, in 2000, an Action Statement that included appropriate measures to deter bribery in officially supported export credits.
In May 2006, this Action Statement was reviewed and enhanced in light of experience, and, in December 2006, it was transformed into an OECD Recommendation.
The 2006 OECD Recommendation on Bribery and Officially Supported Export Credits elaborates Members’ commitment to take concrete, co-ordinated measures to detect and deter bribery in the export transactions that they support. It also includes specific measures that should be undertaken in the event that bribery or credible evidence of bribery is uncovered in the transaction.
The ECG continues to monitor developments in this area through an ongoing mapping exercise of Members' specific policies and practices related to bribery and officially supported export credits (see Survey for more information).
At the same time, the ECG liaises closely with the OECD Working Group on Bribery in the context of country peer reviews concerning the implementation of the 1997 Convention and related OECD instruments, and is involved in the OECD-wide initiative, CleanGovBiz, to provide an export credits toolkit for governments to reinforce their fight against corruption.