News und Wissen

The recently signed aggreement between Austrian Federal Ministry of Finance and Indonesian Ministry of Finance creates the framework for financial support of selected sectors and projects in Indonesia.

At the end of October, the OECD participants agreed to stop supporting export credits for certain coal-fired electricity projects. This is intended to make an active contribution to combating climate change.

In mid-October, the members of the Berne Union (BU) met in Budapest for the annual general meeting. The export credit and investment insurance industry was optimistic there, as international trade is growing again and claims remain benign.

OECD country categories for Aruba, Bolivia, Côte d'Ivoire, Ecuador and El Salvador have been changed.

With an order book in excess of USD 3.6bn this was one of OeKB´s largest order books to date.

Despite the huge disruption, uncertainty and heightened risk environment inflicted by the COVID-19 pandemic, the export credit insurance industry fared relatively well in 2020 and overall new business increased despite a sharp contraction in economic activity, while defaults and claims have so far remained manageable.

OECD country categories for Hong Kong, Myanmar and Sri Lanka have been changed.

A high-quality orderbook leaded OeKB to issue its largest GBP benchmark with a volume of GBP 500 million on June 8, 2021.

OECD country categories for Bahrain and Oman have been changed.

On January 26, 2021 OKB successfully issued a USD 1,5bn USD Global Benchmark. The 5 year bond was priced at a spread of around 15 basis points over US Treasuries.