The EIB and the European Commission announce a more flexible guarantee of €5 billion to boost global investments
Luxembourg, June 30 -- On the 4th International Conference on Financing for Development, the European Investment Bank (EIB) and the European Commission announced today a new type of guarantee agreement that will provide up to €5 billion to de-risk investments and expand EIB operations outside the European Union (EU). Today's guarantee has the potential to unlock up to €10 billion in funding for critical projects in clean energy, green infrastructure and access to finance for Small and Medium Enterprises (SMEs) in partner countries.This new guarantee is designed to support an increased number of companies - companies with a state participation or public organisations - that operate at local or regional levels in partner countries...
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