EU-EIB guarantees as valuable solution for de-risking investments in ACP countries
Gianluca Martucci|In Evidence
23 March 2023
The recent agreement between the European Commission and the European Investment Bank will mobilise up to 4 billion euros in a number of areas such as digitalisation, climate and energy, transport and health in African, Caribbean and Pacific countries.
The funding will be delivered until 2027 to business, mainly through a 3.5 billion euros Guarantee Agreement signed under the EU Global Gateway strategy. It goes in a similar vein to the agreement signed by the EIB and three Tanzanian local banks last week and results from resources made available by the European Fund for Sustainable Development Plus (EFSD+).
Issued in the context of the broader scope of the