On Thursday, 16 April, the Board of Directors of the European Investment Bank (EIB) met in extraordinary session and approved the creation of a pan-European guarantee fund for European companies in accordance with European finance ministers’ recent agreement (see EUROPE B12456A2).
With guarantees provided by Member States to the tune of €25 billion, the fund will be able to provide European businesses, including SMEs, direct support through emergency liquidity assistance for an...