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Luxembourg Export Credit Agency (ODL)

Foreign Investment Insurance

Instrument Description

Luxembourg Export Credit Agency (ODL) is a public institution that supports Luxembourg´s exporters in their international activities. Their Foreign Investment Insurance covers full or partial loss of an investment and/or inability to transfer the invested funds out of a host country due to political risks listed below. In order to qualify for compensation, the sustained loss must be final and irreversible.

Political risks covered:

  • “Expropriation (all forms of nationalization and confiscation, as well as any government action discriminatory in nature and taken against investors or companies in the host country),
  • War,
  • Transfer restrictions where it is made impossible to transfer invested funds as a result of currency shortages or a general moratorium imposed in the host country,
  • Breach of contract, meaning the non-fulfilment or non-compliance with contractual obligations. Those may have been concluded between on the one side the investor or the company in which the investment is realised and on the other side the public authorities of the host country, or government entities or entities regulated by the government.”

Eligible Projects and Transactions

Equity investments or stake in a foreign company (either financial stake or tangible contribution); investment loans with 3 to 15 years repayment terms.

Eligible Regions

The instrument is offered globally. ODL refers to the OECD country risk classification scheme as a baseline for insurance provision and premium fee calculation: https://odl.lu/en/credit-insurance/country-risks/

Key Features

  • Size of coverage: the insurance normally covers the capital value but may be extended to the investment income (interests and dividends), as well as to potential further investments.

Eligible Countries

  • Flag of Afghanistan
    Afghanistan
  • Flag of Albania
    Albania
  • Flag of Algeria
    Algeria
  • Flag of American Samoa
    American Samoa
  • Flag of Andorra
    Andorra
  • Flag of Angola
    Angola
  • Flag of Anguilla
    Anguilla
  • Flag of Antigua & Barbuda
    Antigua & Barbuda
  • Flag of Argentina
    Argentina
  • Flag of Armenia
    Armenia
  • Flag of Aruba
    Aruba
  • Flag of Australia
    Australia
  • Flag of Austria
    Austria
  • Flag of Azerbaijan
    Azerbaijan
  • Flag of Bahamas, The
    Bahamas, The
  • Flag of Bahrain
    Bahrain
  • Flag of Bangladesh
    Bangladesh
  • Flag of Barbados
    Barbados
  • Flag of Belarus
    Belarus
  • Flag of Belgium
    Belgium
  • Flag of Belize
    Belize
  • Flag of Benin
    Benin
  • Flag of Bermuda
    Bermuda
  • Flag of Bhutan
    Bhutan
  • Flag of Bolivia
    Bolivia
  • Flag of Bosnia & Herzegovina
    Bosnia & Herzegovina
  • Flag of Botswana
    Botswana
  • Flag of Brazil
    Brazil
  • Flag of British Virgin Is.
    British Virgin Is.
  • Flag of Brunei
    Brunei
  • Flag of Bulgaria
    Bulgaria
  • Flag of Burkina Faso
    Burkina Faso
  • Flag of Burundi
    Burundi
  • Flag of Cambodia
    Cambodia
  • Flag of Cameroon
    Cameroon
  • Flag of Canada
    Canada
  • Flag of Cape Verde
    Cape Verde
  • Flag of Cayman Islands
    Cayman Islands
  • Flag of Central African Rep.
    Central African Rep.
  • Flag of Chad
    Chad
  • Flag of Chile
    Chile
  • Flag of China
    China
  • Flag of Colombia
    Colombia
  • Flag of Comoros
    Comoros
  • Flag of Congo, Dem. Rep.
    Congo, Dem. Rep.
  • Flag of Congo, Repub. of the
    Congo, Repub. of the
  • Flag of Cook Islands
    Cook Islands
  • Flag of Costa Rica
    Costa Rica
  • Flag of Cote d
    Cote d'Ivoire
  • Flag of Croatia
    Croatia
  • Flag of Cuba
    Cuba
  • Flag of Cyprus
    Cyprus
  • Flag of Czech Republic
    Czech Republic
  • Flag of Denmark
    Denmark
  • Flag of Djibouti
    Djibouti
  • Flag of Dominica
    Dominica
  • Flag of Dominican Republic
    Dominican Republic
  • Flag of Ecuador
    Ecuador
  • Flag of Egypt
    Egypt
  • Flag of El Salvador
    El Salvador
  • Flag of Equatorial Guinea
    Equatorial Guinea
  • Flag of Eritrea
    Eritrea
  • Flag of Estonia
    Estonia
  • Flag of Ethiopia
    Ethiopia
  • Flag of Faroe Islands
    Faroe Islands
  • Flag of Fiji
    Fiji
  • Flag of Finland
    Finland
  • Flag of France
    France
  • Flag of French Guiana
    French Guiana
  • Flag of French Polynesia
    French Polynesia
  • Flag of Gabon
    Gabon
  • Flag of Gambia, The
    Gambia, The
  • Flag of Gaza Strip
    Gaza Strip
  • Flag of Georgia
    Georgia
  • Flag of Germany
    Germany
  • Flag of Ghana
    Ghana
  • Flag of Gibraltar
    Gibraltar
  • Flag of Greece
    Greece
  • Flag of Greenland
    Greenland
  • Flag of Grenada
    Grenada
  • Flag of Guadeloupe
    Guadeloupe
  • Flag of Guam
    Guam
  • Flag of Guatemala
    Guatemala
  • Flag of Guernsey
    Guernsey
  • Flag of Guinea
    Guinea
  • Flag of Guinea-Bissau
    Guinea-Bissau
  • Flag of Guyana
    Guyana
  • Flag of Haiti
    Haiti
  • Flag of Honduras
    Honduras
  • Flag of Hong Kong
    Hong Kong
  • Flag of Hungary
    Hungary
  • Flag of Iceland
    Iceland
  • Flag of India
    India
  • Flag of Indonesia
    Indonesia
  • Flag of Iran
    Iran
  • Flag of Iraq
    Iraq
  • Flag of Ireland
    Ireland
  • Flag of Isle of Man
    Isle of Man
  • Flag of Israel
    Israel
  • Flag of Italy
    Italy
  • Flag of Jamaica
    Jamaica
  • Flag of Japan
    Japan
  • Flag of Jersey
    Jersey
  • Flag of Jordan
    Jordan
  • Flag of Kazakhstan
    Kazakhstan
  • Flag of Kenya
    Kenya
  • Flag of Kiribati
    Kiribati
  • Flag of Korea, North
    Korea, North
  • Flag of Korea, South
    Korea, South
  • Flag of Kosovo
    Kosovo
  • Flag of Kuwait
    Kuwait
  • Flag of Kyrgyzstan
    Kyrgyzstan
  • Flag of Laos
    Laos
  • Flag of Latvia
    Latvia
  • Flag of Lebanon
    Lebanon
  • Flag of Lesotho
    Lesotho
  • Flag of Liberia
    Liberia
  • Flag of Libya
    Libya
  • Flag of Liechtenstein
    Liechtenstein
  • Flag of Lithuania
    Lithuania
  • Flag of Macau
    Macau
  • Flag of Macedonia
    Macedonia
  • Flag of Madagascar
    Madagascar
  • Flag of Malawi
    Malawi
  • Flag of Malaysia
    Malaysia
  • Flag of Maldives
    Maldives
  • Flag of Mali
    Mali
  • Flag of Malta
    Malta
  • Flag of Marshall Islands
    Marshall Islands
  • Flag of Martinique
    Martinique
  • Flag of Mauritania
    Mauritania
  • Flag of Mauritius
    Mauritius
  • Flag of Mayotte
    Mayotte
  • Flag of Mexico
    Mexico
  • Flag of Micronesia, Fed. St.
    Micronesia, Fed. St.
  • Flag of Moldova
    Moldova
  • Flag of Monaco
    Monaco
  • Flag of Mongolia
    Mongolia
  • Flag of Montenegro
    Montenegro
  • Flag of Montserrat
    Montserrat
  • Flag of Morocco
    Morocco
  • Flag of Mozambique
    Mozambique
  • Flag of Myanmar
    Myanmar
  • Flag of N. Mariana Islands
    N. Mariana Islands
  • Flag of Namibia
    Namibia
  • Flag of Nauru
    Nauru
  • Flag of Nepal
    Nepal
  • Flag of Netherlands
    Netherlands
  • Flag of Netherlands Antilles
    Netherlands Antilles
  • Flag of New Caledonia
    New Caledonia
  • Flag of New Zealand
    New Zealand
  • Flag of Nicaragua
    Nicaragua
  • Flag of Niger
    Niger
  • Flag of Nigeria
    Nigeria
  • Flag of Norway
    Norway
  • Flag of Oman
    Oman
  • Flag of Pakistan
    Pakistan
  • Flag of Palau
    Palau
  • Flag of Panama
    Panama
  • Flag of Papua New Guinea
    Papua New Guinea
  • Flag of Paraguay
    Paraguay
  • Flag of Peru
    Peru
  • Flag of Philippines
    Philippines
  • Flag of Poland
    Poland
  • Flag of Portugal
    Portugal
  • Flag of Puerto Rico
    Puerto Rico
  • Flag of Qatar
    Qatar
  • Flag of Reunion
    Reunion
  • Flag of Romania
    Romania
  • Flag of Russia
    Russia
  • Flag of Rwanda
    Rwanda
  • Flag of Saint Helena
    Saint Helena
  • Flag of Saint Kitts & Nevis
    Saint Kitts & Nevis
  • Flag of Saint Lucia
    Saint Lucia
  • Flag of Saint Vincent and the Grenadines
    Saint Vincent and the Grenadines
  • Flag of Samoa
    Samoa
  • Flag of San Marino
    San Marino
  • Flag of Sao Tome & Principe
    Sao Tome & Principe
  • Flag of Saudi Arabia
    Saudi Arabia
  • Flag of Senegal
    Senegal
  • Flag of Serbia
    Serbia
  • Flag of Seychelles
    Seychelles
  • Flag of Sierra Leone
    Sierra Leone
  • Flag of Singapore
    Singapore
  • Flag of Slovakia
    Slovakia
  • Flag of Slovenia
    Slovenia
  • Flag of Solomon Islands
    Solomon Islands
  • Flag of Somalia
    Somalia
  • Flag of South Africa
    South Africa
  • Flag of South Sudan
    South Sudan
  • Flag of Spain
    Spain
  • Flag of Sri Lanka
    Sri Lanka
  • Flag of St Pierre & Miquelon
    St Pierre & Miquelon
  • Flag of Sudan
    Sudan
  • Flag of Suriname
    Suriname
  • Flag of Swaziland
    Swaziland
  • Flag of Sweden
    Sweden
  • Flag of Switzerland
    Switzerland
  • Flag of Syria
    Syria
  • Flag of Taiwan
    Taiwan
  • Flag of Tajikistan
    Tajikistan
  • Flag of Tanzania
    Tanzania
  • Flag of Thailand
    Thailand
  • Flag of Timor Leste
    Timor Leste
  • Flag of Togo
    Togo
  • Flag of Tonga
    Tonga
  • Flag of Trinidad & Tobago
    Trinidad & Tobago
  • Flag of Tunisia
    Tunisia
  • Flag of Turkey
    Turkey
  • Flag of Turkmenistan
    Turkmenistan
  • Flag of Turks & Caicos Is
    Turks & Caicos Is
  • Flag of Tuvalu
    Tuvalu
  • Flag of Uganda
    Uganda
  • Flag of Ukraine
    Ukraine
  • Flag of United Arab Emirates
    United Arab Emirates
  • Flag of United Kingdom
    United Kingdom
  • Flag of United States
    United States
  • Flag of Uruguay
    Uruguay
  • Flag of Uzbekistan
    Uzbekistan
  • Flag of Vanuatu
    Vanuatu
  • Flag of Venezuela
    Venezuela
  • Flag of Vietnam
    Vietnam
  • Flag of Virgin Islands
    Virgin Islands
  • Flag of Wallis and Futuna
    Wallis and Futuna
  • Flag of West Bank
    West Bank
  • Flag of Western Sahara
    Western Sahara
  • Flag of Yemen
    Yemen
  • Flag of Zambia
    Zambia
  • Flag of Zimbabwe
    Zimbabwe