Venezuela is more pricey
Following the OECD arrangement, Belgium’s export credit agency Ducroire/Delcredere has increased its premium on Venezuela for the insurance of political risk with regard to medium/long-term export credits (credit periods exceeding one year).
It has changed from category 5 to 6. However, the favourable acceptance policy of Ducroire/Delcredere on Venezuela remains unchanged, and the large country ceiling of €300mn is maintained.
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