The European Commission and European development banks on Wednesday 22 January signed four new financial guarantee agreements under the EU's External Investment Plan (EIP), which are expected to generate €2 billion of investment in renewable energy, infrastructure and urban services, while improving access to finance for SMEs in sub-Saharan Africa and the EU's neighbourhood.
These guarantees, worth a total of €216 million of public funds (EU budget), are intended to reduce the risks for...