Supporting the effort to strengthen the economic developments and better diversify the economies of the Eastern Partnership countries that have decided to deepen their association and integration with the European Union, the European Investment Bank and the European Commission signed on 19 December 2016 the Delegation Agreement for the DCFTA (Deep and Comprehensive Free Trade Area between the EU and Ukraine, Georgia and Moldova). The Delegation Agreement foresees the provision of EUR 2.8 million for risk capital operations, EUR 7.8 million for technical assistance and EUR 49.7 million for guarantees through the EIB and the European Investment Fund. The implementation of the agreement will start immediately and run until December 2021.
President Calviño at Davos: key role of EIB Group in tackling global challenges
Speaking at the annual gathering of global leaders from government, business, and civil society in Davos, Switzerland, Calviño underlined that the Group can help mobilise private and public investment for a range of strategic objectives from security and support for Ukraine to green transition and innovation.