Our response to COVID-19

As unprecedented as the pandemic has been, so too has the public policy action response. We have galvanised our resources like never before.

At the onset of COVID-19 across Europe, the EIB Group reacted rapidly to address the most urgent liquidity needs of European SMEs.

All across Europe, and in close collaboration with our local partners, we worked tirelessly to accelerate, top-up and redirect resources where they were needed most.

Using EUR 1bn re-allocated from EFSI, we provided enhanced guarantees to financial intermediaries, aiming to unlock a total of EUR 8bn of financing for SMEs. In addition, we have deployed nearly EUR 900m in 2020 in the form of national initiatives targeting the COVID-19 crisis.

Alongside these efforts, a new and dedicated initiative was quickly designed and launched later in the year: the Pan-European Guarantee Fund (EGF). A EUR 25bn stronghold of resources with which to continue fighting the negative economic effects of the crisis, and a testament of collaboration between the EIB Group and the Member States that financed it.

Our response to COVID-19

As unprecedented as the pandemic has been, so too has the public policy action response. We have galvanised our resources like never before. At the onset of COVID-19 across Europe, the EIB Group reacted rapidly to address the most urgent liquidity needs of European SMEs. All across Europe, and in close collaboration with our local partners, we worked tirelessly to accelerate, top-up and redirect resources where they were most needed. For example, and using EUR 1bn re-allocated from EFSI, we have been providing guarantees to financial intermediaries, aiming to unlock a total of EUR 8bn in available financing. In addition, we have deployed nearly EUR 900m in 2020 in the form of national initiatives targeting the COVID-19 crisis. Alongside these efforts, a new and dedicated initiative was quickly designed and deployed later in the year: the Pan-European Guarantee Fund. A EUR 25bn stronghold of resources with which to continue fighting the negative economic effects of the crisis, and a testament of collaboration between the EIB Group and the Member States that financed it.


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