OECD Consensus

Guidelines created by the Organization for Economic Cooperation and Development (OECD) that are intended to prevent distortions in price competition among manufacturers of different countries. The OECD Consensus is derived from an OECD agreement, "Arrangement on Guidelines for Officially Supported Credits" (1978), which limits export credit to 85% of the contract value and holds interest rates to a minimum of the OECD interest rate matrix, which is revised semi-annually.