Press Release: Council approves agreement with EP on EIB lending mandate, Brussels, 18 July 2011

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Series Title
Series Details PRES/11/234 (18.7.11)
Publication Date 18/07/2011
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The Council today (18.7.2011) approved an agreement reached with the European Parliament on a decision that extends an EU budgetary guarantee for the European Investment Bank's external operations to cover the remainder of the 2007-2013 financial framework. The EU provides a budgetary guarantee to the EIB covering sovereign and political risks in connection with EIB loan and loan guarantee operations carried out outside the EU in
support of its external policy objectives.

Source Link Link to Main Source http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/123926.pdf
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