At its January meeting, the OECD Consensus member countries decided on a new classification of two countries. Bulgaria and Albania moved up one level in the country risk ranking. Bulgaria has been helped by its imminent entry into the euro area and economic growth, Albania by reform efforts related to the country’s potential EU accession. For export credit agencies, these countries thus represent a lower level of risk as of 31 January 2025.
Trade in services continues to face significant regulatory barriers that hamper economic growth and competitiveness. This is according to the OECD’s latest Services Trade Restrictiveness Index (STRI): Policy Developments to 2025*, a tool that tracks developments in 51 economies around the world and in 22 key services sectors.