GLOBAL GATEWAY ECA FINANCING BOOSTER

Projektträger – zwischengeschaltetes Finanzinstitut

PRIVATE ENTITY(IES)

Ort

• Regionalvorhaben - Afrika
• Regionalvorhaben - Lateinamerika
• Regionalvorhaben - Asien

Beschreibung

The operation is an "unfunded de-linked risk sharing" related to an existing portfolio of loans guaranteed by Export Credit Agencies (ECAs). Through the EIB's resources, new ECA-backed loans will be provided to eligible Global Gateway renewable energy projects (Solar photovoltaic, onshore wind and battery projects) as well as transmission lines across Latin America, Africa and Asia.

Ziele

The operation supports the competitiveness of EU exports to non-EU countries by increasing the availability and affordability of export finance solutions backed by ECAs. There are significant overlaps between medium to long-term export finance and development finance despite these two traditionally having evolved in two parallel universes without significant interactions. While the main objective of the Development Finance Institutions (DFIs) is to promote development in partner countries without a supplier specific focus, ECAs are financial institutions controlled by governments that provide financial support for national exports, mainly in the form of loans, guarantees, or insurance thus supporting economies in a wider sense. In this context, the proposed guarantee transaction aims at increasing the capacity of the international banking system to underwrite the risk of EU ECAs and to align the pricing conditions of the financial offer to the counterparts of EU exports. The main goal pursued by this operation is support additional investments by commercial banking institutions in EU ECA-backed operations which are aligned with the Global Gateway agenda and the Neighbourhood, Development and International Cooperation Instrument (NDICI)- Global Europe goals.

Sektor(en)

• Energie - Energieversorgung

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 1000 million

Gesamtkosten (voraussichtlicher Betrag)

EUR 2000 million

Umweltaspekte

The intermediary institution shall take all the requisite measures to ensure that the final beneficiaries undertake to implement and operate the sub-projects under the New Portfolio in line with the requirements of the applicable national legislation and the relevant EIB's Environmental and Social Standards.

Auftragsvergabe

The Bank will require that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Projektstatus

In Prüfung - 28/12/2024