The new OECD arrangement on export credits: Breakthrough or bad compromise?

Public export credits and trade insurance require a global framework of institutions, rules regulations to avoid subsidies race the bottom. The extensive modernisation Arrangement on Officially Supported Export Credits (Arrangement) Organisation for Economic Co-operation Development intends re-level playing field. This Practitioner Commentary describes demand adequate government interventions, considers need reform discusses key aspects new Arrangement. We argue that there is breakthrough in several important areas such as tenors, repayment terms green finance. However, we also find falls short interplay between different rulebooks, pre-shipment instruments' climate action.