Summary sheet
- Energy - Electricity, gas, steam and air conditioning supply
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Transport - Transportation and storage
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.
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.
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.
The Bank will require that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
General enquiries and comments
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Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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