On March 18, 2021, a videoconference was held by members of the Association and representatives of the National Contact Point for Financial Instruments of the European Union dedicated to the European Guarantee Fund (EGF).
The European Guarantee Fund is the latest business support initiative developed by the European Commission and the European Investment Bank in response to the economic impact of COVID-19. The EGF aims to provide liquidity financing to European businesses threatened by the consequences of the epidemic, with a particular focus on the SME sector. The support is repayable and can be offered by banks and other financial institutions.
During the meeting, representatives of the National Contact Point provided information on the scope of support offered as well as the terms and conditions of cooperation between the European Investment Fund and the sector of financial institutions.