Concessional export finance consultation
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Detail of outcome
Response to Concessional Export Credit Facility (CECF) feasibility consultation
Original consultation
Consultation description
The UK government is committed to supporting economic development for shared prosperity and poverty reduction. To deliver on this priority, DFID is scaling up financial and staff resources and exploring innovative ways to support low-income developing countries (LIDCs) to graduate from aid.
This consultation will consider whether a possible concessional export credit facility (CECF) could improve the choice of and overall development outcomes in LIDCs. Any such facility would be untied and structured within the terms of the UK International Development Act.
A CECF would target projects in countries and sectors that are not considered commercially viable by the OECD, and have the greatest development impact. All projects awarded a concessional export credit grant will be required to meet the highest environmental and social standards and actively measure its development impact
DFID therefore welcomes views on introducing an untied CECF.
Consultation timetable
Starts: 20 July 2015 Ends: 12 October 2015 (12 weeks)
Documents
Updates to this page
Last updated 10 December 2015 + show all updates
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Response to Concessional Export Credit Facility (CECF) feasibility consultation published.
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First published.