EC, EIB, and EIF sign guarantee agreement for €19.65 bln to support investments

The European Commission, the European Investment Bank (EIB), and the European Investment Fund (EIF) have signed a guarantee agreement for a European Union budget guarantee of €19.65 billion to support investment projects across Europe, the Commission said.

"The European Union has today achieved an important milestone in the implementation of the InvestEU program by signing Guarantee and Advisory Center Agreements between the European Commission, the European Investment Bank (EIB), and the European Investment Fund (EIF). The InvestEU program is a key pillar of the largest stimulus package in the history of the European Union. to recover from the Covid-19 pandemic and help build a greener, more digital, and the more resilient European economy,” the release reads.

InvestEU investments will focus on four policy areas: sustainable infrastructure; research, innovation, and digitization; small and medium companies; and social investment and skills development.

(ISBnews)