EIB Group establishes EUR 25 billion guarantee fund to deploy new investments in response to COVID-19 crisis

April 2020- EIB Group establishes EUR 25 billion guarantee fund to deploy new investments in response to COVID-19 crisis

The EIB Group is set to play a key role in the fight against the economic consequences of the COVID-19 pandemic. Following a recommendation by the Eurogroup on 9 April, the Board of Directors of the European Investment Bank (EIB) today backed the creation of a €25 billion European COVID-19 guarantee fund. The fund will enable the EIB Group to scale up its support for European companies up to an additional €200 billion – with a focus on SMEs.

More here: https://www.eif.org/what_we_do/guarantees/news/2020/eib-group-establishes-eur-25-billion-guarantee-fund-to-deploy-new-investments-in-response-to-covid-19-crisis.htm