Financial Times FT.com

OECD backs export credit support

By Naomi Mapstone in Lima

Published: November 24 2008 08:37 | Last updated: November 24 2008 08:37

The United States, European Union, Brazil and Russia will on Monday join Organisation for Economic Co-operation and Development countries in pledging support for export credit to ensure liquidity amid the global financial crisis.

Angel Gurría, secretary general of the OECD, said in an interview with the Financial Times that guaranteed export credit was “absolutely critical” to “oil the wheels” of global finance.

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