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A Trajectory for Export Credit Deals and the Impact of OECD Reform on Demand
When: November 14, 2024
Location: GTR Africa 2024
 

London

People: Mark Norris

Mark Norris moderated a panel discussion titled “A Trajectory for Export Credit Deals and the Impact of OECD Reform on Demand” at GTR Africa 2024 London on November 14.

With the appetite for export credit projects in Africa gathering pace, and as activity following the post-Covid slump returns to form with US$23bn in new medium and long-term (MLT) business in 2023, and while increased volumes of syndicated MLT loans is a positive sign for the confidence of global FIs and ECAs for big-ticket projects, the full impact of last year’s modernisation of the OECD Arrangement protocols remains to be seen.

The extension of repayment terms offers greater accessibility to borrowers but also increases tenor costs for lenders. Whether the application of these changes will lead to greater competition with non-OECD export creditors is also uncertain. Evaluating the trajectory of the ECA market, this session assessed the ongoing impact of agreement reform and whether ECA practitioners are going far enough to deploy products in the right spots.