The OeEB's 2023 Impact Report reveals significant contributions towards financial inclusion, gender equality, and climate action, reflecting a strategic focus on supporting over 370,000 micro, small, and medium enterprises globally.

Information on the Target

The OeEB (Oesterreichische Entwicklungsbank), Austria's development bank, has published its annual Impact Report for 2023. The report highlights the significant development effects achieved and its contributions toward meeting the Sustainable Development Goals (SDGs). Through its collaborations, the OeEB has enabled over 370,000 micro, small, and medium enterprises (MSMEs) to access financing. This effort underscores OeEB's commitment to fostering economic growth and sustainability in emerging markets.

In reviewing the past year, which concludes the 2023 strategy period, OeEB projects have specifically contributed to strategic goals in areas such as renewable energy, financial inclusion, climate action, and gender equality. Notably, 49 percent of projects have focused on SDG 8, promoting decent work and economic growth, while the proportion of women involved in OeEB-supported projects stands at 35 percent. OeEB Board Member Sabine Gaber emphasized the importance of gender equality and expressed intention to intensify efforts in this area.

Industry Overview in the Target’s Specific Country

Globally, the challenge of financial inclusion remains significant, particularly for individuals and enterprises lacking access to formal financial services. According to the World Bank, there exists a staggering fin