Modernisation of the Arrangement on Officially Supported Export Credits
The Participants to the Arrangement on Officially Supported Export Credits have agreed the mod-ernisation of the Arrangement.
In future, more climate-friendly projects will be able to benefit from the longer repayment terms of the Climate Change Sector Understanding (CCSU).
In addition, the Participants have reached an agreement in principle on more flexible conditions for CCSU projects and for all Arrangement transactions:
- Maximum repayment term of up to 22 years for CCSU projects
- 15 years for almost all other projects
- Increase in the flexibility of the repayment profile
- Adjustment of the premium (minimum premium rate) for long repayment terms
The planned changes will provide additional flexibility and lead to a simplification of the Arrange-ment on Guidelines for Officially Supported Export Credits. The new rules will come into effect later this year, once the participants complete their internal processes and the new Arrangement text is finalised.
If you have any questions, please contact Sara Trüb.