Guarantee Fund for External Action and the EIB's external lending mandate

At a Glance 31-01-2018

In September 2016, the European Commission proposed amendments to the regulation on the Guarantee Fund for External Actions (GFEA) and the decision granting an EU guarantee to the European Investment Bank (EIB) against losses under financing operations supporting investment projects outside the EU (external lending mandate, ELM). The agreement on the proposals, reached after eight months of trilogue negotiations, needs a confirmation vote during the February I plenary.