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

FINEXPO EVALUATION
USA, EC. the effective developmental use of these
resources 64 .”
In order to respect this criterion, the Package
prohibits tied and partially untied credits for richer
developing countries and commercially viable
projects. The Package also introduces monitoring
procedures.
Participants
(see
previous)
Participants
(see
previous)
Participants
(see
previous)
Participants
(see
previous)
DAC
The Schaerer Package 65
Key features of the Package include:
- Progressive abolition of remaining subsidised
rates so that market-based CIRRs are used as
the minimum interest rate in all markets;
- Introduction of an automatic system of country
classification based on per capita GNP to
determine the maximum repayment period;
- Adjustment of the discount rate for calculating
the concessionality level of aid loans.
Orientation of tied aid according the Helsinki rules
(commercially viable projects cannot receive tied aid
e.g.)
Re-wording of the arrangement(s) in order to include
all the modifications made since 1976
The Knaepen Package - Minimum Premium
Benchmarks
The package sets the minimum risk premium rates
meant to:
- Ensure that risk premium rates are not
inadequate to cover long-term operating costs
and losses;
- Eliminate distortions to competition and create
a level playing field.
Recommendation to untie ODA to LDCs
The Recommendation also invites DAC members to
provide untied aid in areas not covered by the
Recommendation. ‘The Guiding Principles’ include an
agreement to report to the OECD on the tying status
of aid 66 . This Creditor Reporting System (CRS) on a
project level contains information about the tying
status of most ODA, although the reporting on
1994
1996
1997
1999
2001
see
64 DAC's Working Party on the Financial Aspects of Development Assistance, OECD, Paris, May, 1991
65 Export credit financing systems in OECD Member countries and non-member economies, OECD, 2001
66 Note that there are three exceptions to the general agreement: i) if the recipient country is considered by the World Bank as
Least Developed Country and the concessionality level is at least 50%. ii) if the total concession is over 80% (the credit is
than considered to be a grant); iii) if the project has a value of less that 2 million SDR.
Final report – Appendix 6 – page 129