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Economy
12 May 2016, 12:04

Italy to help Belarus improve its OECD country risk ratings

MINSK, 12 May (BelTA) – Italian insurance companies will assist Belarus in improving its ratings in the Organization for Economic Cooperation and Development (OECD) country risk classification. The matter was discussed at the meeting between Ambassador Extraordinary and Plenipotentiary of Belarus to Italy Alexander Guryanov and Giovanni Castellaneta, Chairman of the Board of Directors at SACE, the Italian Export Credit Agency, on 11 May, BelTA learnt from the press service of the Belarusian Ministry of Foreign Affairs.

According to the Belarusian Ministry of Foreign Affairs, the parties agreed on close cooperation in the issues related to improving Belarus' OECD country risk ratings. They also shared information on the progress made in the implementation of bilateral projects with the participation of Italian banks and Italy's SACE. The sides hailed the absence of problems in part of Belarus' honoring their debt commitments.

The Italian Export Credit Agency SACE is a state-run organization providing a wide range of insurance and financial products: export credit, investment protection, financial guarantees, surety bonds and factoring. It operates in 198 countries.

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