Meeting Statement - Heads of G7 ECAs

(SACE, Rome, 19 April 2024) The leaders of official export credit agencies from the G7 nations – Canada, France, Germany, Italy, Japan, the United Kingdom, and the USA – met on April 16th, in Tokyo, hosted by Nippon Export and Investment Insurance (NEXI), to discuss recent business trends and challenges. In the light of the increasing global geopolitical risks, the G7 ECA Heads have reaffirmed their role in protecting and promoting international trade and investment, and have recognised the importance of risk management for ECAs. The G7 ECA Heads recognise the need to enhance resilience to the impacts of climate change and to support businesses in responding to global climate issues. Acknowledging the need for urgency, the G7 ECA Heads agree to continue to proactively engage in a review of climate-related provisions under the framework of the OECD Arrangement and the Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence. The G7 ECA Heads acknowledge the important role that ECAs continue to play in supporting their own exports and foreign investments and confirm that now, a variety of roles are expected, including promoting inclusive and sustainable trade and investment in developing countries, emerging markets and more established economies, and contributing to the realization of various policy agendas of their respective governments. In particular the G7 ECA Heads underlined their commitment to supporting Ukraine and reaffirmed their role in mobilizing private sector funds, and to continue this dialogue at the next Ukraine Recovery Conference on 11 June 2024 in Berlin.