United Kingdom, Nov. 18 -- The European Bank for Reconstruction and Development (EBRD) and AXA XL - the property, casualty and speciality risk division of AXA - have launched a new framework to mobilise private capital for lending to financial institutions in order to scale up positive impact across the EBRD regions.Under the new Financial Institutions Portfolio Programme (FIPP), AXA XL is committing €150 million of credit risk insurance underwriting capital to participate in eligible transactions on a structured, unfunded basis. Each eligible project is expected to benefit from an automatic 25 per cent unfunded risk participation, enhancing the EBRD's ability to support clients quickly and effectively.The programme has a simple opera...