Evaluatierapport (PDF, 6.47 MB) - Buitenlandse Zaken - Belgium

FINEXPO EVALUATION
Tied ODA is bound by international agreements resulting from DAC consultations and
agreements among the participants to the OECD arrangement on export credits. The
table below shows the evolution of the international aid framework.
Who What When
DAC
Participants:
Australia,
Canada, EEC,
Spain, USA,
Finland,
Greece,
Japan,
Norway,
Portugal,
Sweden,
Switzerland
Participants:
Australia,
Canada, EC,
Japan, Korea
(Republic of),
New Zealand,
Norway,
Definition of Official Development Aid
Official flows are split into:
- ODA
- Other official flows
The renegotiation of the definition of ODA introduces
the concept of concession. Since then, ODA is
defined as follows: “Official development assistance
includes financial flows to countries and territories
listed on the DAC List of ODA Recipients and to
multilateral development institutions which are:
- provided by official agencies, including state
and local governments, or by their executive
agencies; and
- each transaction of which:
a) is administered with the promotion of the
economic development and welfare of
developing countries as its main objective;
and
b) is concessional in character and conveys a
grant element of at least 25 %(calculated at a
rate of discount of 10 %).”
Export credit consensus.
The first objective was fair competition and
elimination of trade distortion.
Arrangement on export credits benefiting from
public support
The Arrangement sets limits on the terms and
conditions of officially supported export credits (e.g.
minimum interest rates 63 to provide official financing
support for export credits, risk fees and maximum
repayment terms) and on the provision of tied aid.
1969
1972
1976
1978
see
63 Minimum interest rates were presented in a matrix rate as the official lending rate. Matrix rates were calculated based on the
weighted average of interest rates of a basket of currencies and valid for a six-month period.
Final report – Appendix 6 – page 127