The approval procedure is conducted along a two-staged sequence (the development policy aspect is reviewed first, followed by risk policy considerations).
Committee "Business and Development"
Above-mentioned committee is in charge of assessing each individual transaction, submitted by the bank for approval, in terms of its development policy impact.
In addition, this committee discusses general matters of OeEB's business policy.
Advisory Committee
If the Committee “Business and Development” suggests going ahead with the project, the Advisory Committee deals with matters of risk policy (project and country risks) and recommends to the Minister of Finance assuming public guarantees (against political and commercial risks).
For information on the legal basis please
.