Translation of "Garantie multilatérale des investissements " (French → English) :

Instead of providing for instance loans, guarantees or equity directly to final beneficiaries, the Commission will delegate to financial institutions the provision of support via, in particular, risk-sharing, guarantee schemes and equity and quasi-equity investments.

any loans or guarantees for repayable investments from funds or other incentive schemes providing loans, guarantees for repayable investments, or equivalent instruments, for energy efficiency and use of renewable energy in buildings, including in existing housing’.

‘Where such operations are organised through holding funds, that is, funds set up to invest in several venture capital funds, guarantee funds, loan funds, urban development funds, funds or other incentive schemes providing loans, guarantees for repayable investments, or equivalent instruments, for energy efficiency and use of renewable energy in buildings, including in existing housing, the Member State or the managing authority shall implement them through one or more of the following forms:’.

the third window, (c) guarantees for equity or quasi-equity investments in SMEs, shall include investments which provide seed capital and/or capital in the start-up phase, as well as mezzanine financing, in order to reduce the particular difficulties which SMEs face because of their weak financial structure and those arising from business transfers,

In addition to Community interventions, the European Investment Bank (EIB) and the European Investment Fund (EIF) offer loans, guarantees and risk capital facilities.

They welcomed the reaffirmation of support for this reform expressed by the members of the European Council in Paris on 18 November. 2. The 24 noted that: - more than one third of the 336 million ECU ($ 370 million) pledged for food assistance has been supplied and that the remaining two-thirds will be delivered shortly, mostly before the end of the year, in accordance with Polish needs and absorption capacities; - the Community has decided to increase the financial means for economic cooperation with Poland and Hungary in 1990 to 300 million Ecu and that the European Investment Bank with a three year horizon; - most members of the 24 ...[+++] including the Community have decided or envisaged to improve access to their markets for Polish and Hungarian exports notably through an extension of the generalized system of preferences; - the identification of projects in the four priority areas defined by the 24, agriculture, training, environment and investment, is well under way in close cooperation with the Polish and Hungarian authorities; - the coordination of these projects and other actions has been pursued in the working groups, each of which has met at least twice since the last Group of 24 meeting; the agricultural group has coordinated food supplies to avoid bottle-necks; the training group is examining programmes for local administrators, banking and financial staff and language teachers; the environment group is working on joint actions concerning air and water pollution, and waste management; the investment group is analysing the legal, fiscal and guarantee conditions favouring private investment and identifying sectors for foreign investment in close cooperation with the Polish and Hungarian authorities.