| Economic Cooperation/ORET Programme |
| Objectives and legal framework The objectives of the Development-Related Export Transactions Programme (ORET) are to promote sustainable economic development and improve the business climate in developing countries by facilitating investment in their economic and social infrastructure. The programme reduces the costs to developing countries of eligible projects through the award of grants for the purchase of capital goods, services or works. These grants qualify as Official Development Assistance (ODA) according to international standards. ORET is a grant programme of the Directorate-General for International Cooperation at the Ministry of Foreign Affairs. Since 22 March 2002, the Netherlands Investment Bank for Developing Countries (NIO Bank) has been authorised to administer the programme in consultation with the Ministry of Economic Affairs. NIO Bank is a subsidiary of the Netherlands Development Finance Company (FMO). The present document explains how the Minister for Development Cooperation, from whose budget the programme is financed, intends to use her powers in this area. This English version of the original Dutch text, is an unofficial translation. In the event of dispute, only the Dutch version is authoritative. |
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 ORET Programme 2006  |
