European Development Finance Institutions announce joint ambitions for climate action
OeEB, among 15 EDFIs, commits to phasing out fossil fuels and mobilising private sector climate finance, aligning with Paris Agreement and high disclosure standards.
OeEB: Climate protection and development must go hand in hand
Creating access to clean energy which enables economic development and protects our climate is a central focus of OeEB. As Austria's largest provider of international climate finance, OeEB is once again partner of the Austrian World Summit, which will take place on September 17, 2020 in Vienna.
Well on track to reach strategic goals
In its 2019-2023 strategy, OeEB has set itself ambitious goals. The first half of 2020 shows that OeEB is well on track to achieve them.
More than 500,000 jobs in developing countries in OeEB-financed projects
The current Development Report shows how OeEB contributes to sustainable development. In order to measure this impact, OeEB has been using a new instrument since 2019: the Development Effectiveness Rating (DERa), developed by KfW DEG.
OeEB finances business park in Nigeria
The second project financed within the “African-Austrian SME Investment Facility” (AAIF) is a business park in Enugu (Nigeria). Three Austrian SMEs are planning to open branches and will offer vocational training according to Austrian standards.
COVID-19: Ensuring employees' health and safety
Ensuring the health and safety of employees remains top priority. In our "Guidelines for Employers" we have summarized recommendations for employers on how to cope with COVID-19.
Gutmann OeEB Impact Fund takes on new investors
The fund, which was founded in 2019 as a joint project between OeEB and Bank Gutmann, focuses on small and medium-sized businesses and aims to improve financial inclusion for underserved people in developing and emerging countries.
European Development Co-operation, COVID-19, and how to save jobs in Africa
Africa faces a massive recession due to the Covid-19 pandemic; around 20 million jobs may be lost. International experts are therefore calling on European governments to act. European development finance institutions are in the position to act swiftly in support of the private sector in vulnerable countries.
Mid-term evaluation - DWM Inclusive Finance Equity Fund II
In May 2015, OeEB invested USD 5.9 million in the DWM Inclusive Finance Equity Fund II. A mid-term evaluation now confirms that the development goals have largely been achieved, but also offers important lessons for future fund investments.
OeEB confirms alignment with Impact Principles
In April 2019, OeEB was among the 60 founding signatories of the "Operating Principles for Impact Management". In its Disclosure Statement and Verification Report, OeEB confirms that its impact management systems as well as all assets under management align with these Principles.
25.03.2020African-Austrian SME Investment Facility
Recycled plastic roof tiles for Cameroon
In Cameroon, the Austrian AMABO GmbH uses plastic waste and sand to produce an urgently needed building material: roof tiles. The company receives support in the expansion of its production facility from the African-Austrian SME Investment Facility (AAIF).
A message to our clients and customers
OeEB stays fully operational in times of COVID-19 crisis
OeEB looks back at a successful year 2019
With EUR 322 million in new loans and equity participations, OeEB reports a new business record for the business year 2019. Around half of the newly signed project volume contributes to climate finance.
05.03.2020World Women's Day
OeEB supports equal rights for women in developing countries
The financial gap between women and men remains drastic: around 980 million women worldwide do not own a bank account. Paid work is still unevenly distributed: only 47% of all women have a job compared to 74% of all men.
OeEB invests in off-grid solar energy in Africa and South Asia
One billion people worldwide have no access to energy. The "SIMA Off-grid Solar and Financial Access Senior Debt Fund" aims to reduce this number by investing in off-grid solar solutions targeting rural populations with no connectivity to grid electricity – with support from OeEB.
OeEB introduces Gender Action Plan
OeEB is committed to contributing to gender equality and to the empowerment of all women and girls. This is why we have anchored promoting gender equality in our strategy and are proud to present our first Gender Action Plan.