The EIB Group, composed of the European Investment Bank (EIB) and the European Investment Fund (EIF), 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 EIB backed the creation of a €25 billion Pan-European guarantee fund in response to COVID-19. 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.
The Pan-European Guarantee Fund in response to COVID-19 will be implemented by the EIB and the EIF, the Group’s subsidiary specialised in funding small and medium-sized enterprises. It will serve as a protective shield for European firms facing liquidity shortages.
More information on EIB’s and EIF’s response
