Export credits

Guidelines for use in Consideration of requests for Observership to the Working Party on Export Credits and Credit Guarantees (the ECG)


1.      Upon the request of the Council to provide its justified technical opinion, the Working Party on Export Credits and Credit Guarantees (the ECG) will consider individual requests for observership on their merit. In determining its opinion, the ECG will apply the Council criteria of “major player” and “mutual benefit” in light of the following considerations whilst recognising that this will not be done in a mechanical or automatic fashion, but rather in the context of individual requests. Additionally, the ECG may decide whether to recommend inviting observers on an ad-hoc basis or on a permanent basis.

2.      The assessment of whether an economy satisfies the major player criterion may take into account the Committee’s responses to, inter alia, the following indicative questions:

  • Does the applicant have in place a medium- and long-term export credit programme providing officially supported export credits?
  • What is the experience and performance that the applicant has demonstrated in export credit business, on the basis of the following quantitative and qualitative illustrative indicators: main characteristics of the export credit programme (objectives, technical features), annual flows of officially supported medium and long-term export credits (minimum figure), sectoral breakdown showing, in particular, exports of capital goods, markets targeted, in comparison with all ECG Members’ as well as on a regional basis among ECG Members?
  • Are the export credits programmes of the applicant in competition with those of the ECG Members?
  • To what extent is the applicant actively involved in other international export credit forums (e.g. International Union of Credit and Investment Insurers - the Berne Union, the Prague Club - Berne Union/EBRD supported forum)?

3.      The assessment of whether an applicant satisfies the mutual benefit criterion may take into account the ECG’s responses to the following indicative questions, among others:

  • To what extent is the applicant willing to exchange information with ECG Members on its officially supported export credits?
  • For ad-hoc observers: to what extent has the applicant a recognised interest in OECD guidance relating to export credits such as those discussed in the ECG or to what extent is there a specific interest by the ECG on an ad-hoc participation of the applicant?
  • For regular observers: to what extent is the applicant willing to apply the relevant guidelines/agreements/undertakings agreed and applied by the ECG Members?

4.      In addition, the ECG’s technical opinion as to whether these criteria are met is based on a full examination of the applicant’s current and expected export credit programmes and policies and on the basis of sufficient information provided by the applicant.

5.      In considering requests for observership, the ECG shall assess whether participation of the applicant as an observer would have a positive impact on the implementation of its programme of work.

6.      In considering requests for observership, the ECG will also actively consider what alternatives to observership might exist as a means of engaging the applicant in constructive dialogue, in particular where negative recommendations may be issued by the ECG in response to an observership application. The ECG could then seek to extend offers of informal or ad hoc co-operation and dialogue (e.g. participation in informal meetings on a regular basis, workshops, and seminars).