125th meeting of the OECD Working Party on Export Credits and Credit Guarantees (ECG) held on 14 (pm) - 15 April 2011, OECD Conference Centre, Paris
- The Members of the OECD Working Party on Export Credits and Credit Guarantees (ECG) met at the OECD Conference Centre, Paris, on 14 (pm) - 15 April 2011; the meeting was chaired by Mr. François de RICOLFIS (France) and Ms. Mariane SØNDERGAARD-JENSEN (Denmark).
- The ECG welcomed non OECD countries who provide official export credits and who were participating in the meeting as ad hoc observers: Brazil, the People’s Republic of China, Romania, the Russian Federation and South Africa. A representative of the IFC also attended the meeting. Estonia and Israel were welcomed to their first ECG Meeting as full ECG Members.
- The main item for discussion related to the review of the 2007 OECD Recommendation on Common Approaches on the Environment and Officially Supported Export Credits (the “Common Approaches”) [TAD/ECG(2007)9]: in this context, ECG Members continued their discussions of various issues relating to the review, including:
- Climate change mitigation and greenhouse gas emissions. ECG Members considered the international policy framework in which their discussions were taking place and agreed to consider further both the possible objectives for export credits and the corresponding provisions that might be included in the revised Common Approaches.
- Human Rights. ECG Members considered again the related proposals for amendments to the Common Approaches, including from Amnesty International and ECA Watch, as well as various options for taking forward this work.
- OECD Guidelines for Multinational Enterprises. ECG Members received an update on the review of the MNE Guidelines, which is due to be completed in time for the 2011 OECD Council Meeting at Ministerial level.
- IFC Performance Standards. ECG Members received a presentation from the IFC on its revised Performance Standards, which are due to be adopted formally by the IFC Board in May 2011.
- Nuclear Power Plants. ECG Members received a presentation on the nuclear emergency at the Fukushima Dai-ichi power plant and agreed to discuss further standards for nuclear power plants at their next meeting.
- In addition, ECG Members discussed recent developments relating to data streamlining and coherence, sustainable lending, and changes to Members’ export credits systems.
- The next meeting of the ECG will take place in the week of 20 June 2011.
Xcred secretariat, April 2011