OECD bans market loans to poor countries. New era for mixed credits
BusinessMay 18, 2008
New OECD regulations make it difficult for 59 low-income countries to finance loans on market terms. Export to these countries will have to be aid financed through mixed credits or grants.
The new rules have been decided upon without the involvement of the affected countries, most of them in Africa. One result is likely to be a renaissance for the mixed credit schemes in donor countries.
The rest of the content is only available for subscribers.