On Wednesday 24 September, experts from the European Court of Auditors (ECA), ‘Emergy Capital Markets’ (ECM) and the Centre for Global Development (CGD) presented their respective recommendations on the use of budget guarantees to the European Parliament’s Parliamentary Committee. These instruments aim to reduce the risk exposure of lenders and investors in order to mobilise new private capital and increase returns in the context of EU development policies.
“Guarantees are most...