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Belgian export credit agency ONDD has eased its cover policy on Brazil for medium and long-term export credit transactions. The cover ceiling is increased from €
300mn up to €
450mn. Within the framework of the OECD Arrangement, the premium category for medium and long-term credit transactions remains unchanged (category 5 out of 7).
ONDD resumes cover for medium and long-term transactions with Mongolia. Projects with a high profit-earning capacity, of priority to the economic development of the country and important to the Belgian economy shall be involved. The cover ceiling for Mongolia amounts to €
90mn for these transactions while the premium category remains unchanged (category 7 out of 7).