The full title of the ECG is the "Working Party on Export Credits and Credit Guarantees". The ECG is an OECD body; it was set up in 1963, and is charged with carrying forward the work of the OECD in the field of export credits.
All OECD countries, with the exception of Chile and Iceland, are Members of the ECG. The European Commission participates fully in the ECG meetings, which are also attended by the International Union of Credit and Investment Insurers (the “Berne Union”); the WTO is an observer and other organisations, e.g. EBRD, IMF, UNEP and the World Bank, are invited to meetings when issues of mutual interest are discussed.
The general objectives of the ECG are to:
Evaluate export credit policies.
Determine the problems which arise.
Resolve or mitigate these problems by multilateral discussion.
On the basis of experience acquired from its discussions, the ECG is further charged with working out common guiding principles and considering all possibilities of improving co-operation between Members, by such means as prior consultation, prior notification and/or a question and answer procedure or by other suitable means.
In particular, the ECG is responsible for discussing and progressing work on good governance issues, such as anti-bribery measures, environmental and social due diligence, and sustainable lending: more information is available on related disciplines elsewhere on this website.
In addition, the ECG reviews Members’ export credits systems, including the types of support and products offered, and any notified changes to Members’ institutional arrangements, as well as Members’ financial results in the form of both activity reports and cash flow reviews: again, more information on these activities is available elsewhere on this website.
Lastly, the ECG has mandated technical experts from Members’ Export Credit Agencies to progress technical work on environmental and social due diligence issues, including on greenhouse gas accounting and reporting and on addressing project-related human rights impacts: these experts, known as the Practitioners, meet separately as an informal sub-group of the ECG.
Summary records of the Meetings of the Working party on Export Credits and Credit Guarantees