The 2024 Recommendation on Sustainable Lending Practices and Officially Supported Exports Credits (Sustainable Lending Recommendation) is the latest in a long line of export credit standards on sustainable lending practices.
The principles and guidelines applied by the Adherents to this Recommendation ensure that their export finance lending practices for public sector debtors in low-income countries are fully consistent with the joint Debt Sustainability Analysis of the World Bank and the International Monetary Fund. As such, the Recommendation is designed to ensure that official export credits will never contribute to the run-up of unsustainable debt by lower income countries.
The Adherents to the Recommendation are OECD countries
While an OECD Recommendation is not legally binding, it expresses the common position or will of the whole OECD memberships and therefore may entail important political commitment for Member governments.