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Image header Agence Europe
Europe Daily Bulletin No. 12409
Contents Publication in full By article 20 / 29
EXTERNAL ACTION / Africa/neighbourhood

Commission and banks sign €216 million guarantee agreements to generate €2 billion of private investment

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...

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