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Commission and EIB announce a more flexible guarantee of €5 billion to boost global investments

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On the occasion of the 4th International Conference on Financing for Development, the European Commission and the European Investment Bank (EIB) announced 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).  

The 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. The guarantee will support investments in energy, hard infrastructure, economic resilience and SMEs in the North of Africa and the Middle East. It will also help finance telecommunication and energy infrastructure projects and support municipalities in the EU's enlargement and Eastern Neighbourhood regions, contributing strongly to the EU's accession priorities.  

This new guarantee is designed to support an increased number of entities – companies with a state participation or public organisations – that operate at local or regional levels in partner countries outside of the EU. The novelty about today's new guarantee is that it can also apply to entities that borrow money from financial markets on their own terms - without state backing. At the same time, the guarantee will enable for instance the development of the Transcaspian Corridor in Central Asia, enhance supply chain security for critical raw materials and advance the Global Gateway Investment Agenda in Latin America and the Caribbean.

More information is available in our press release online.

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