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Working Group of the Council of the European Union

Working Group of the Council of the European Union

Arrangement of Officially Supported Export Credits (hereafter referred to as the OECD Arrangement) has been transposed, and hence been made legally binding in the EU, by Regulation (EU) No 1233/2011 of the European Parliament and of the Council. Revisions of the terms and conditions of the OECD Arrangement are incorporated into EU law through delegated Acts pursuant to Article 2 of Regulation (EU) No 1233/2011, making them legally binding for EU Member States. Decisions on any changes to the OECD Arrangement are made by consensus.
Eximbanka represents the Slovak Republic at the meetings of the EU Council Working Group on Export Credits in Brussels (CWG ECG). In addition to preparing and coordinating the EU’s negotiating positions at the CWG meetings, EU member states also address exclusively European topics.

Currently, discussions among EU member states, in cooperation with the European Commission, focus on involving export credit agencies (ECAs) in pilot support tools for Ukraine. In addition, the ECAs of the EU Member States have committed themselves, in the light of the ECOFIN Council Conclusions of 15 March 2022, to formulate a strategy for ending official export support for fossil fuel related projects after 2030. Eximbanka has implemented this commitment responsibly and will not provide official export support for this type of projects in its portfolio after 2030. Last but not least, a key topic at the meetings of the EU Council Working Group on Export Credits is the effective involvement of ECAs in the implementation of development projects of strategic importance to the EU in third countries (so-called flagship projects) within the Global Gateway initiative. In this regard, Eximbanka has received authorization from the European Commission for the implementation of EU development funds (Pillar Assessment) and aims to facilitate opportunities for Slovak entrepreneurs that arise from EU development initiatives (more information: International partnerships).

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