The memorandum sets out a new framework for cooperation between the EBRD and EIB for their activities outside of the EU region.
It aims to enhance the combined impact of the two banks’ operations in the interest of both the beneficiary countries and the banks’ shareholders.
Rehn said the European Commission strongly supports the Memorandum of Understanding as a way of further enhancing the cooperation between the two institutions and will play a key role in this process by chairing a Steering Committee that will coordinate this future collaboration.
