The new OECD arrangement on export credits: Breakthrough or bad compromise?
Journal
Global Policy
ISSN
1758-5880
1758-5899
Type
journal article
Date Issued
2023
Author(s)
Andreas Klasen
;
Jan Vassard
Abstract
Public export credits and trade insurance require a global framework of institutions, rules and regulations to avoid subsidies and a race to the bottom. The extensive modernisation of the Arrangement on Officially Supported Export Credits (Arrangement) of the Organisation for Economic Cooperation and Development intends to re-level the playing field. This Practitioner Commentary describes the demand for adequate government interventions, considers the need for the reform and discusses key aspects of the new Arrangement. We argue that there is a breakthrough in several important areas such as tenors, repayment terms and green finance. However, we also find that the modernisation falls short in areas such as the interplay between different rulebooks, pre-shipment instruments' regulations and climate action.
Refereed
yes
Subject(s)
File(s)![Thumbnail Image]()
open.access
Name
Klasen and Vassard, OECD.pdf
Size
91.25 KB
Format
Adobe PDF
Checksum (MD5)
9b00797e9dc1e0d5da2b85b2c6b885b9