The main purpose of the Arrangement on Officially Supported Export Credits, referred to throughout this document as the Arrangement, is to provide a framework for the orderly use of officially supported export credits.

This is the 1998 Arrangement. The main purpose of the Arrangement is to provide the institutional framework for an orderly export credit market; it aims to prevent an export credit race in which exporting countries compete on the basis of who grants the most favourable financing terms rather...