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Mandates and partnerships
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- ESIF Financial Instruments
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- All mandates and partnerships
- European Guarantee Fund
EGF Governance
The governance of the European Guarantee Fund (EGF) is meant to balance close involvement of the EIB Group governing bodies and the Contributors on the one hand, and the need for a lean and quick decision-making process on the other.
The EIB Group governance structures remain fully applicable to the EGF operations. That is, the governing bodies of the European Investment Bank and European Investment Fund will approve the overall financing proposals, in line with their normal procedures. The Contributors’ Committee will also approve the use of EGF resources.
Contributors’ Committee
The Contributors’ Committee consists of representatives from all participating Member States. Ambroise Fayolle, EIB Vice-President, presides over meetings of the Contributors’ Committee, without a right to vote.
The Committee’s main responsibility is to approve the use of EGF resources for individual operations and global authorisations, presented by the EIB and/or the EIF.
The Contributors Committee also oversees the activities falling under the EGF. In this context, EIB Group services will provide ex-ante risk estimations for the proposed operations, closely monitor the development of underlying portfolios based on information received by the Financial Intermediaries as well as regularly report on the implementation of such operations to the Contributors Committee.
Decisions of the Contributors’ Committee
The decisions of the Contributors’ Committee approving the use of EGF resources for EIB Group operations, as well as a summary justification of the use of the guarantee for individual operations or categories of products, will be made available on this page. The above will not be applicable for projects subject to a confidentiality agreement between the EIB and the relevant counterpart.
In line with the EIB Group Transparency Policy, the Contributors’ Committee’s decisions for such cases will be disclosed at a later stage, namely after project signature or in the case these projects are no longer subject to a confidentiality agreement between the EIB Group and the relevant counterpart.