12 U.S.C. § 635i–9 — Market windows

(a) More transparency. To keep Bank financing fully competitive, the United States should seek more transparency about market-window activities under the OECD Export Credit^* Arrangement. If the information shows that market windows disadvantage United States exporters, the United States should seek negotiations for multilateral rules and transparency within that Arrangement.

(b) Authorization. The Bank may provide financing on terms or conditions inconsistent with those allowed by the OECD Arrangement—

(1) to match terms or conditions offered by market windows that are inconsistent with the Arrangement, if (A) matching them advances negotiations for multilateral rules and transparency within the Arrangement, or (B) transparency confirms that the market-window financing is more favorable than terms available from private financial markets; and

(2) when the foreign government-supported institution refuses enough transparency for the Bank to make a decision under paragraph (1).

(c) Definition. “OECD” means the Organization for Economic Cooperation and Development.