The Organisation for Economic Co-operation and Development (OECD) on Friday improved the assessment of Ukraine’s country risks, putting the country from the seventh to the sixth group of the classification of countries participated in the Arrangement on Officially Supported Export Credits.
“Of course, this is very small, but all the risks associated with Ukraine and Ukrainian companies are becoming less. This means lower insurance costs, lower loan rates, longer terms and limits of credit lines!” Deputy Minister of Economic Development, Trade and Agriculture, Trade Representative of Ukraine Taras Kachka said.
Along with Ukraine, Kosovo was transferred to the sixth group from the seventh, and Serbia from the fifth to the fourth.
At the same time, the OECD worsened the country risk assessment of a number of countries, in particular, Algeria and Oman was moved from the fourth group to the fifth, Tunisia from the fifth to the sixth, and Iran and Turkmenistan – from the sixth to the seventh.
In addition to Ukraine, the sixth group also includes countries such as Belarus, Georgia, Armenia, Uganda, Sri Lanka, Nigeria, and Mongolia.
