Arrangement on Guidelines for Officially Supported Export Credits

The Arrangement is an international agreement under Organization for
Economic Cooperation and Development auspices governing the conditions --
such as interest rate, repayment term, and cash downpayment -- of medium-
and long-term official export credit; it does not apply to strictly private
credit. For example, the Arrangement specifies how governments relate the
interest rate on their export credits to market levels. Though informal
and non-enforceable, Arrangement guidelines are regularly observed by the
22 OECD member governments that are "Participants" to the agreement.