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Europe Daily Bulletin No. 12640

21 January 2021
EU RESPONSE TO COVID-19 / Eib
Covid-19, EU bank plans to invest €50bn by summer using pan-European guarantee fund
Brussels, 20/01/2021 (Agence Europe)

By the end of 2020, the European Investment Bank (EIB) had invested €6 billion using the pan-European guarantee fund set up to support companies affected by the Covid-19 pandemic and, in the first half of 2021, this safety net, or ‘backstop’, should reach €50 billion.

During the presentation of the bank’s annual results on Wednesday 20 January, Werner Hoyer, President of the EIB said: “Of course, it took a little time to make it operational”, but this off-balance sheet...

Contents

EU RESPONSE TO COVID-19
EUROPEAN PARLIAMENT PLENARY
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
INSTITUTIONAL
COURT OF JUSTICE OF THE EU
NEWS BRIEFS