News

Impact Investing: First joint project successfully launched by OeEB and Bank Gutmann. The cooperation between OeEB and a private bank is a novelty that opens up new perspectives for large-scale investors. The Gutmann OeEB Impact Fund is intended to improve the living conditions of people in developing and emerging countries, while generating attractive returns. Investors have already pledged around EUR 40 million.

OeEB makes second investment into the eco.business Fund for the preservation of biodiversity and sustainable use of natural resources.

OeEB provides GGF with an additional EUR 25 million. The investment will be used to enhance credit for EE measures and RE projects in Southeast Europe and the European Eastern Neighbourhood Region.

From 16 to 18 September, OeEB, together with representatives from the Austrian Federal Ministry of Finance, Federal Chancellery, Federal Ministry for Europe, Integration and Foreign Affairs, OeEB's Supervisory Board, the Chamber of Commerce and the Austrian Development Agency, visited OeEB-financed projects in Bosnia and Herzegovina.

The African-Austrian SME Investment Facility closes the gap for smaller investments (up to 3 million euros) of SMEs in Africa. The Investment Facility is primarily aimed at companies that want to develop projects or build production sites in Africa.

OeEB aims for min. 40% share of climate-relevant financing and wants to continue to be Austria's largest international climate finance provider. The new strategy also places more focus on least developed countries.

On May 28, 2019, the R20 Austrian World Summit took place in Vienna for the third time. More than 1,000 participants followed the invitation from Arnold Schwarzenegger's climate protection initiative to share experiences and discuss sustainable solutions.

OeEB was among the 60 founding signatories of the Operating Principles for Impact Management which were officially launched on April 12 during the IMF-World Bank Group Spring Meetings in Washington, D.C.

OeEB continued its successful path in 2018: On behalf of the Austrian Federal Ministry of Finance, OeEB provided EUR 275.4 million in financing for private investments in developing countries.

In a clear commitment to climate change mitigation, OeEB has increased its investment in the Global Climate Partnership Fund, adding USD 20 million across different share classes.

OeEB and AS Group signed a long-term loan of EUR 10 million. The funds will enable AS Group to expand its production capacities and to invest in energy efficiency measures.

Rachel Nakintu is 26 and lives in Kampala, Uganda. As a single mother of two children, it is particularly important for her to have an own, steady income. A job as a Mobile Money Agent at Chims Africa opened up new opportunities for her and her family.