SPOTL IGHT
Sabine Gaber
international environmental and social standards. Despite being the youngest national European development finance institution (DFI), to date OeEB has executed 500 private sector development projects successfully worldwide and ranks as Europe’s seventh-largest development finance institution. In its activities, OeEB is bound by the objectives and principles set out in the Austrian Development Cooperation Act and in our Strategy and Development Policies. Our investments must have a positive development impact, e.g. Sabine Gaber has been a member of the OeEB Executive Board since January 1, 2018. She joined the bank in 2009 and helped build the financing and investment business as managing director as well as other strategic and operational core banking topics as a board member. During her 27-year career in banking, she has been responsible for the structuring of global projects in international commercial banks. Ms. Gaber studied international business administration at the University of Vienna and at UCLA in Los Angeles.
Photo: Christina Haeusler
contribute to the creation of jobs and national income, improve access to affordable clean energy, etc. The impact created by our projects is measured by a development effectiveness rating tool and reported in our annual Impact Report. The achievement of strategic objectives is monitored in a results framework and evaluated regularly by independent experts. OeEB is a European Union “9-pillar” certified institution, which qualifies OeEB to apply for EU funds within the framework of the European Fund for Sustainable Development+ including de- risking EU guarantees and non-repayable Technical Assistance support. OFQ : OeEB is rated AA+, the same as the OPEC Fund. How important is a such a rating for development institutions? SG: OeEB shows a very good credit rating with its Standard & Poor’s rating of AA+ indicating a minimal probability of default. AA+ is still very close to the
“Our investments must have a positive development impact: contribute to the creation of jobs and national income, and improve access to affordable clean energy.” Sabine Gaber, Member of the Executive Board, the Austrian Development Bank
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