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

FINEXPO EVALUATION
Switzerland,
USA
Participants:
Australia,
Canada, EC,
Japan, Korea
(Republic of),
New Zealand,
Norway,
Switzerland,
USA
Participants:
(see
previous)
Participants
(see
previous)
Participants:
Australia,
Austria,
Canada,
Finland,
Japan, New
Zealand,
Norway,
Sweden,
Switzerland,
The Arrangement also includes procedures for prior
notification, consultation, information exchange and
review for export credit offers that are exceptions to
/ derogations of the rules as well as tied aid offers.
Increase of the minimum interest rate for providing
official financing support to 11,25% for mediumterm
loan rates with a minimum of 10-year loan to
Least Developed Countries (LDCs) at an annual rate
of 10%.
Introduction of the Commercial Interest Rate of
Reference (CIRR), calculated monthly and based on
government bonds issued in a country's domestic
market under a country's own currency, and new
increase of the minimum interest rate for providing
official financial support.
The Wallen Package (current Helsinki
arrangement)– Guiding principles for associated
financing, and tied and partially untied ODA:
The Package amended the formula for calculating the
grant element - or concessionality level - allowing it
to better reflect market interest rates. The Package
also increased the minimum permissible
concessionality level of tied aid credits to:
- 50% for LDCs;
- 35% for other countries.
The increase of concessionality levels came from the
observation that a low grant element is more likely to
be extended to improve commercial competitiveness
/ to be "competition motivated", whereas tied aid
credits with a large grant element are more likely to
be "aid motivated" (Toye 1986).
The Helsinki package
The Agreement introduced the criterion of
additionality: “OECD members export credit and tied
aid policies would be complementary: those for
export credits should be based on open competition
and the free play of market forces; those for tied aid
credits should provide needed external resources to
countries, sectors or projects with little or no access
to market financing, ensure the best value for
money, minimize trade distortion and contribute to
1981
1983
1987
1992
see
Final report – Appendix 6 – page 128