OECD announces Amendment to Arrangement on Officially Supported Export Credits
By EsqSocial Corporation 03/05/21
Effective as of 20 April 2021, an amendment to the Arrangement on Officially Supported Export Credits (TAD/PG(2020)1) (the “Arrangement”) was announced by the Organisation for Economic Co-operation and Development (“OECD”), in relation to local cost provisions (the “Amendment”). Background - The Arrangement (described on the OECD website as a “gentleman’s agreement”1) first came into effect in 1978......
By: Bracewell LLP