Brussels, 17/02/2015 (Agence Europe) - European finance ministers, meeting as members of the EIB board, decided on Tuesday 17 February that the EIB will pre-finance development projects for small and medium-sized enterprises (SMEs) before the European Fund for Strategic Investment (EFSI) comes into force as part of the Juncker investment plan.
The money can be made available to SMEs from the European Investment Fund (EIF), part of the EIB Group, which will cover the risk of transactions...