Austrian Development Bank (OeEB)

The Federal Ministry of Finance has commissioned OeEB (Österreichische Entwicklungsbank) in 2008 on the basis of a legal mandate (AusfFG amendment) as the official development bank of the Republic of Austria. The OeEB is a specialized financial institution that is committed to the goals and principles of the Austrian development policy in accordance with the Development Cooperation Act (EZA Act). It is a member of the Association of European Development Finance Institutions.

As the official development bank of the Republic of Austria, OeEB aims, within the framework of its mandate, to contribute to sustainable private sector development in developing and emerging countries. In this sense, OeEB offers financing that is scarcely or not available at all on the local market. It operates additionally to private financial institutions in developing and emerging countries. The investments of OeEB follow international environmental and social standards. Furthermore, the OeEB is supposed to mobilize Austrian companies in the sense of "business and development" to carry out more projects in developing and transition countries.

The OeEB strategy for the period 2024-2028 envisions a broad geographical approach. The four strategic thematic priorities are:

  1. Green Finance
  2. MSMEs / Financial Inclusion
  3. Private economic infrastructure and industry
  4. Gender

In addition, OeEB has set itself the goals that at least 50% of investments, measured in terms of new business volume, should be climate-related, as well as at least 20% of investments should be concluded in the least developed countries (LDCs), and 25% of its volume should be conducted in Africa.