OECD Members Agree to Prevent Bribery in Export-Credit Transactions

On December 6, 2000, the Organization of Economic Cooperation and Development’s (OECD) Export Credit Group, a group of 28 countries that manages a “Gentleman’s Agreement” among countries covering the use of subsidized export financing, agreed that national export credit-related financing should never be offered to international business deals where bribes have been paid and will act to ensure to prevent and combat export-related financed transactions in which bribes were paid…[more]