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.