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

FINEXPO EVALUATION
Table 21.1: Description of the instrument
France: RPE
Germany: KfW
/ ERP Export
Fund
Description of instrument
The objective of RPE is twofold: 1) to provide development
assistance and 2) to promote French technology and support
French companies. The programme provides exclusively tied
aid.
The RPE is an instrument for intergovernmental loans carrying a
sovereign guarantee. It is the product of the reform of financial
protocols that took place in 1998 aimed at simplifying the
procedures for granting and managing soft loans and enhancing
their effectiveness.
Objective: to enhance exports of capital goods and services
from Germany (tied aid) to developing countries according to the
List of ODA Recipients of the OECD DAC valid at the time.
In the case of export financing transactions for existing enterprises
(corporate risks), and in the case of sovereign risk transactions
that fulfil the following criteria:
a repayment period of not more than 7 years, or
a loan amount of not more than € 15 million or a
financing share from KfW IPEX-Bank of less than 20% in
the overall financing, or
use of goods/services financed predominantly for
replacement investments.
The interest rate is fixed in conformity with the minimum interest
regulation of the OECD Arrangement on Officially Supported Export
Credits.
Germany:
Financial
Cooperation
Composite loan
Germany
Depending on the available funds, the loan amount is determined
as follows: loan amount:
up to € 25 M: 85 % of the order value;
up to € 50 M, the max loan amount is € 21.25 M
above € 50 M: 85 % of half the order value, with an
upper limit of € 85 M
Objective: reduction of interest rates on loans for development
projects.
These development projects may (or may not) encompass a
component of export of products and services from German origin
(untied aid).
KfW adds from its own resources funds to development loans
(composite loans, mixed finance loans and reduced-interest loans)
provided by the German Federal Government. KfW also offers
promotional loans, which are financed exclusively with KfW funds
obtained in the capital market.
Untied Composite Loans must contain a grant element of at least
25% to qualify as ODA. Owing to the OECD Consensus rules, tied
Composite Loans are available only for projects that are
commercially non-viable. The grant element required in this case is
at least 35%.
see
Final report – Appendix 8 – page 142