Participants to the OECD Arrangement On Officially Supported Export Credits - including the UK - have agreed a significant modernisation package meaning that export credit agencies like UKEF can offer greater incentives for climate-friendly and green transactions. For example, UKEF can now offer longer repayment terms and more flexible repayment structures for an expanded range of renewable and green transactions.
UKEF will also be able to provide longer repayment terms and a more flexible approach for standard transactions too, ensuring that it can offer customers competitive finance options in many other sectors.
Full details are available on the OECD Export Credits webpage. This includes the new text of the Arrangement and Frequently Asked Questions.
