Luxembourg, March 18 -- The Council of Europe Development Bank (CEB) and the European Investment Bank (EIB) deepened their long-standing partnership by signing a Mutual Reliance Agreement today to strengthen co-operation, facilitate co-financing and enhance the impact of public sector projects in countries of operation outside of the European Union.A key element of this approach is the mutual recognition of each institution's procurement policies and procedures, thus reducing transaction costs and administrative burden. By streamlining project preparation and implementation, the agreement will allow both the CEB and the EIB to focus on delivering tangible benefits for their member countries.The agreement also aligns with the recommendations...