Export credits

Summary Overview of the Arrangement

 

As far back as 1976, OECD countries began co-ordinating their policies on export credits. Two years later, the Arrangement on Guidelines for Officially Supported Export Credits came into being; this Arrangement was accepted directly by the Participants and developed in the framework of the OECD. Today, this Arrangement still ensures the operation of an orderly credit market and seeks to prevent countries from competing to offer the most favourable financing terms for exports.

 

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