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Efsd Guarantee Agreement

In 2020, we reoriented the plan`s safeguards to help countries respond to the coronavirus (COVID-19) pandemic. The EBRD will implement the largest volume and number of guarantees under the EIP in the EU`s neighbourhood. Pierre Heilbronn, EBRD Vice-President for Policy and Partnerships, said: « We are pleased to cooperate with the EU on such an urgent cause as climate protection. Our loans, linked to EU financial instruments, promote greater private sector participation in investments that are urgently needed to meet the global challenges of the future, including a more sustainable development model. This first agreement is just the beginning of our cooperation with the EU under the Investment Plan for External Investment in the EU`s Neighbourhood Regions. »

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