| Author (Corporate) | Council of the European Union: General Secretariat |
|---|---|
| Series Title | Press Release |
| Series Details | PRES/13/607 (20.12.13) |
| Publication Date | 20/12/2013 |
| Content Type | News |
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The Permanent Representatives Committee on 20 December 2013 approved, on behalf of the Council, an agreement reached with the European Parliament on a renewal of the EU's guarantee for the European Investment Bank's external operations for the 2014-2020 period. The draft decision is aimed at renewing the EIB's mandate for lending to projects that support the EU's external policy objectives. The EU budget guarantee covers sovereign and political risks in connection with loan and loan guarantee operations, thus preventing those risks from affecting the EIB's credit standing and enabling the bank to maintain attractive lending rates. |
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| Source Link | Link to Main Source http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/140275.pdf |
| Subject Categories | Politics and International Relations |
| Countries / Regions | Europe |
