Export credits

Good governance and export credits

 

Since the late‑1990s, Members of the OECD Working Party on Export Credits and Credit Guarantees (ECG) has been working to ensure that their official export credits programmes operate in a manner consistent with wider government policies. As a result, the ECG has agreed good governance disciplines in the following areas:

  1. Measures to deter and detect bribery  in international business transactions benefiting from official export credit support;

  2. Common approaches to address the potential environmental and social impacts of projects for which official export credit support is requested; and

  3. Principles and Guidelines to promote sustainable lending practices in the provision of official export credits to low-income countries in support of the World Bank and International Monetary Fund’s efforts to help countries achieve their millennium Developments Goals without creating future debt problems.

In addition, the ECG has agreed to promote awareness of the OECD Guidelines for Multinational Enterprises among appropriate parties involved in applications for officially supported export credits as a tool for responsible business conduct in a global context.

 

Related Documents

 

Anti-Bribery Measures and Export Credits

Environmental and Social Due Diligence

Sustainable Lending and Export Credits