Export credits

Agreement on untied ODA Credits transparency

 

Updated April 2017  -  direct link to this page:  http://www.oecd.org/tad/exportcredits/untied-oda.htm

During their 93rd meeting held on 2-5 November 2004, the Participants to the Arrangement on Officially Supported Export Credit (the “Participants to the Arrangement”) agreed to a two-year pilot program which would provide greater transparency and efficiency in the use of Untied ODA Credits : the Agreement on Untied ODA Credits Transparency (the “Agreement”) [TD/PG(2005)8]. The goal of this agreement was to create more effective competition in the use of development assistance loans, used to pay for purchases of goods and services from any country rather than just the country providing the loan, so as to allow developing countries to choose the goods and services they need at the most advantageous price.

In the Agreement, implemented on 1 January 2005, the Participants to the Arrangement committed (i) to utilise international competitive bidding procedures where possible and practical; (ii) to respect a minimum biding period of 45 days (or 90 days for large projects with a value of, or exceeding, Special Drawing Rights or SDR 50 million) in order to facilitate the widest possible participation in these bids; (iii) to provide information to be shared with the public for untied aid credits of SDR 5 million or more, at least 30 days before the start of a bidding period, under a system administered by the OECD; (iv) and finally to provide information, on an annual basis, on the outcome of each bid.

Since 2005, the Agreement has been extended six times: in November 2006, November 2008,  November 2010,  November 2012, November 2014 and in November 2016. During the 2016 November meeting of the Participants to the Arrangement, it was agreed that the Agreement should be prolonged for a further two year period , i.e. until the end of 2018.

For further information please contact the OECD's Secretariat in the OECD's Trade and Agriculture Directorate [email: export-credits@oecd.org tel. (33) 1 45 24 89 10].


Click here to reach the The Untied ODA Notifications Database


 

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