The European Commission announced on Monday 6 April that it has unlocked one billion euros from the European Fund for Strategic Investments (EFSI), which will serve as a guarantee for the European Investment Fund (EIF), part of the European Investment Bank (EIB) group.
This will enable the EIF to issue special guarantees to incentivise banks and other lenders to provide liquidity to at least 100 000 SMEs affected by the economic impact of the COVID-19 pandemic, for an estimated available...