European bilateral development finance institutions and EIB launch EUR 280 million financing initiative to support Covid-19 impacted business

As part of Team Europe’s response to the Covid-19 pandemic, eleven members of EDFI, the Association of European Development Finance Institutions[1], are strengthening cooperation with the EIB to create a new dedicated Covid-19 financing initiative through the existing European Financing Partners (EFP) scheme. The EUR 280 million initiative will support financial institutions and businesses in developing countries and ensure continued business investment.