Improved flexibility in the energy transition export credit market

In July this year, following an EU-led initiative, the Organisation for Economic Co-operation and Development’s Arrangement on Officially Supported Export Credits (commonly known as the OECD “Consensus” or sometimes, the Arrangement) was significantly updated and modernised. The changes are intended to enable export credit agencies to offer greater support for climate-friendly projects by expanding the scope of “green” transactions which can benefit from flexible financing terms. The export finance market has welcomed the long-awaited overhaul. Improved flexibility and transparency under the Consensus will unlock more agility in support of climate-friendly projects.

Read more about the changes in our detailed article available here.

We continue to monitor developments in the export finance market and across all aspects of energy transition. If you have any questions, please do get in touch to speak to our experts.