NGOs oppose OECD moves to count export credits as ODA

(Eurodad, Brussels, 7 October 2016) Eurodad has learned that at an October 10 meeting of the OECD Development Assistance Committee (DAC) it was to be decided that the DAC would approve a blurring of lines between export credits and Official Development Assistance (ODA). The issue is now to be discussed with the OECD's Export Credit Group at the ECG's mid-November meetings. In times of shrinking ODA budgets and shrinking political support for ODA in donor countries, efforts have been proposed to design administrative tricks to stop this diminished support, developing measures that would allow export credits to be counted as ODA. NGOs oppose this move as export credits are only meant to support the corporate sector in industrialized countries.