Communication from the International Monetary Fund - Export Financing and Duty Drawbacks
- WTO Secretariat
- 2005/08/29
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World Trade
Organization WT/TF/COH/15
14 February 2003 (03-0969) Original: English
communication from the international monetary fund
The following contribution has been received from the staff of the International Monetary Fund. It has been prepared in response to consultations between the WTO Director-General and the Deputy Managing Director of the IMF on how the IMF can provide support to the WTO Secretariat and Members in areas of its expertise.
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export financing and duty drawbacks
Note on Issues Raised by Developing Countries in the Doha Round
EXECUTIVE SUMMARY
Developing countries have proposed that they should be allowed to offer financing to their exporters at LIBOR or on terms offered by the credit agencies of developed countries. The analysis in this note suggests that both these proposals would involve export subsidization because the terms of financing would — from analytical and empirical perspectives —