Senior representatives of the official export credit agencies (ECAs) of the G7 countries — Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America — met in Washington, D.C. on April 27–28, hosted by the Export-Import Bank of the United States.
Against the backdrop of the changing global and economic landscape, and evolving ECA mandates, the parties actively engaged in discussions on strengthening support for their respective exporters, including through support for critical minerals and the use of blended finance to reinforce and advance their competitiveness.
Underscoring the role of export credit agencies in supporting their national industrial strategies, representatives expressed strong support for enhancing resilient supply chains, including through the prioritization of strategic industries, with particular emphasis on collaboration in critical minerals. They also discussed opportunities to deepen cooperation in emerging areas, such as artificial intelligence.
Representatives agreed to collaborate on OECD Arrangement Modernization II, noting that current challenges must be addressed to render the Arrangement fit for purpose. ECAs can play a role in supporting competitiveness, economic resilience, and energy security by extending enhanced financing flexibilities. Recognizing varying national mandates and policies, representatives discussed that there may be a need to address underlying issues related to tied aid and the intent of any further transparency.
Participants committed to carrying this momentum into upcoming OECD negotiations and look forward to their 2027 meeting hosted in Paris, France.
