Greek RRF Co-Financing Framework

approved

The Greek RRF Co-Financing Framework ("Framework") will consist of up to €500 million of EBRD loans to be extended pari passu and pro rata with up to €500 million of loans funded by the Greek Recovery and Resilience Facility ("RRF"), to support private sector investments in Greece. RRF loans will be provided at concessional rates, subject to compliance with EU state aid rules and in accordance with EBRD Guidelines for the use of Concessional Finance. The EBRD, together with any potential co-financiers, will be required to finance at least 30% of project costs on a pari passu basis with the RRF loans, while borrowers or sponsors will be required to contribute at least 20% of project costs. Potential options to mobilise additional commercial co-financiers will be assessed at project level. The Bank will enter into financing agreements under the Framework until 31 December 2025, in line with the timeline of its mandate in Greece.