OECD strengthens green export credit standards

Members of the Paris-based OECD have agreed to strengthen environmental evaluation of infrastructure projects supported by national export credit agencies, it was announced just before Christmas. A new OECD recommendation should increase transparency in agencies' environmental review processes and replaces a set of "common approaches" agreed in 2001 (EED 29/02/00). The UK government claimed credit for the deal, which it said would "bring other export credit agencies closer into line with" British procedures in place since 2001. See press releases from OECD and UK government.

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