The European Investment Bank (EIB) group announced on Tuesday 17 March €40 billion to tackle the crisis caused by the COVID-19 outbreak and called on Member States to provide an additional guarantee to support SMEs and mid-cap companies.
These funds will be used to ease liquidity and working capital constraints for SMEs and mid-sized companies, the Bank said in its press release.
More specifically, these are guarantee systems dedicated to banks for “immediate” deployment that can...