On Friday 31 March, participants in the OECD’s Arrangement on Officially Supported Export Credits agreed to modernise its outline. The aim is to make the framework of the arrangement more flexible for green and climate-friendly projects that are eligible for longer repayment periods.
These should include projects related to sustainable energy production, CO2 capture and storage, clean hydrogen or minerals for clean energy.
The EU was at the forefront of this modernisation initiative...