Finance Secretary Benjamin E. Diokno met with Credendo,
a state-owned European
credit insurance group
and Belgian Export Credit Agency, on October 27,
2023 following the inaugural Global Gateway Forum
in Brussels, Belgium.
CEO and Chairman Dirk T e r –
weduwe expressed
Credendo’s interest in
facilitating investments between Belgium and
the Philippines. He also
shared that Credendo’s
risk outlook on the Philippines is stable, noting that
the low external debt, adequate liquidity, and continued prudent government
policies are supportive
buffers in an uncertain climate.
Credendo’s Philippines Risk Assessment:
https://credendo.com/en/
country-risk/philippines
Credendo, headquartered in Brussels,
Belgium, provides customized options for insurance,
reinsurance, guarantees,
surety, and financing related to domestic and international trade transactions
or investments abroad.
It protects companies,
banks and insurance undertakings against credit
and political risks, and
facilitates the financing of
export transactions.
Credendo has
supported projects in the
Philippines such as Turbulent Micro Hydro’s demonstration si
