European Financing Partners S.A.

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European Financing Partners (EFP), a joint venture between the European Investment Bank (EIB) and twelve European Development Finance Institutions (EDFIs), is a co-financing vehicle established in 2003 aiming at promoting sustainable development of the private sector and strengthening co-operation between eligible EDFIs and the EIB. EIB’s financing is from the Cotonou Agreement Investment Facility for the African, Caribbean and Pacific Group of countries (ACP) which is based on the Cotonou Agreement of July 2000. This means that EIB will only participate projects in the ACP countries, whereas other shareholders of EFP can provide financing to countries included in the OECD DAC list. In total EFP shareholders have committed nearly EUR 1.3 billion of financing over the years. This is a seventh round of commitments from the EDFI-members to EFP which is aimed at alleviating the consequences of the novel coronavirus disease (COVID-19) pandemic for the developing economies. Finnfund reactivates its participation in EFP with EUR 10 million commitment dedicated solely to combat the consequences of COVID-19 crisis.