Africa-Europe Alliance: Four new financial guarantees worth EUR216 million signed under the EU External Investment Plan
(WorldNews Environment)

The European Commission signed today four guarantee agreements worth EUR216 million that will help unlock EUR2 billion to invest in renewables, urban infrastructure and start-ups in Africa and the Neighbourhood. The guarantees were signed with the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the German KfW Group and the Spanish development cooperation agency, Agencia Española de Cooperación Internacional para el Desarrollo (AECID), at the 4th Strategic Board meeting of the External Investment Plan (EIP). Commenting on these financial guarantees, Jutta Urpilainen, Commissioner for International Cooperation and Development, said: `The agreements...