Consultation outcome

Concessional export finance consultation

This consultation has concluded

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Detail of outcome

Response to Concessional Export Credit Facility (CECF) feasibility consultation

Original consultation

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Concessional export finance consultation

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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)