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Adjustment of project finance rules extended

The temporary crisis measure on long term project financing in high income OECD countries has been extended for another year.
8 December 2010

The crisis measure in the OECD Arrangement means that export credit agencies in member countries will still be able to participate with up to 50 per cent in project finance transactions in high income OECD countries with a credit period of 10-14 years.

The measure was introduced in 2008 as a result of the financial crisis and increased the participation allowed for export credit agencies from 35 to 50 percent of the loan.

The crisis measure extended until the end of 2011 thus means that also next year EKF will be able to guarantee a larger share of the contract amount than usual in long term project finance transactions in high income OECD countries.

For further information on project finance guarantees please contact one of EKF’s customer advisors via EKF’s switchboard on +45 35 46 61 00.

For further information on the OECD Arrangement on Guidelines for Officially Supported Export Credits please contact head of International Relations, Mariane Søndergaard-Jensen on +45 35 46 61 15, or by e-mail: msj@ekf.dk.
 
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