OECD publishes Principles and guidelines to promote sustainable lending practices in the provision of Official Export Credits to Low Income Countries

The provision of official export credits to public and publicly guaranteed buyers in low income countries should reflect Sustainable Lending practices (lending that supports a borrowing country’s economic and social progress without endangering its financial future and long-term development prospects). Export Credits Guarantees (ECG) Members agree to apply principles to obtain reasonable assurances that their commercial lending decisions are not likely to contribute to debt distress in the future in relation to any official export credit with a repayment term of one year or more.