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The Participants to the Arrangement on Officially Supported Export Credits met in Paris at the OECD on 23-24 April 2008, for the 102nd time.
The Participants to the Aircraft Sector Understanding (ASU) met in Paris at the OECD for their first 2008 Meeting on 24 and 25 April and continued the work mandated by the provisions of the Understanding.
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The Arrangement on Officially Supported Export Credits has moved from a relatively simple to a more sophisticated market-reflective instrument, worth commemorating, especially in the light of its continuing relevance and dynamism.
Documents listed in home page of export credits
OECD Member Countries have agreed to adopt a set of principles and guidelines designed to ensure that loans supported by their Export Credit Agencies (ECAs) are in line with sustainable development objectives.
ECG Members agree to apply principles to obtain reasonable assurances that their commercial lending decisions are not likely to contribute to debt distress in relation to any official export credit with a repayment term of one year or more.
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2008 Differentiated Discount Rates valid from 15 January 2008 to 14 January 2009.
The 2008 version of the Arrangement text contains new provisions applicable to local costs, Ships and Aircraft sectors; this new Arrangement text came into effect on 1st January 2008.
The Participants to the Aircraft Sector Understanding (ASU) met in Paris at the OECD for their first substantive discussions following the entry into force of the ASU last July 2007.
The Participants to the Arrangement on Officially Supported Export Credits met in Paris at the OECD on 7 November 2007, for the 101st time.