The Guarantee Fund for external Actions covers defaults on loans and loan guarantees granted to non-EU countries or for projects in non-EU countries.
Set up at a time when the guarantees on loans granted to non-Member countries were growing rapidly, the Fund was established:
The lending operations covered by the Fund relate to three different instruments, each of which benefits from a guarantee from the EU budget. These instruments are: European Investment Bank (EIB) lending, Euratom loans and Macro-Financial Assistance.
The Fund is provisioned from the general EU budget and has to be maintained at a certain percentage of the outstanding amount of the loans and loan guarantees covered by the Fund. This percentage, known as the target rate, is currently 9%
The mission of the Guarantee Fund for external actions is to pay the EU’s creditors in the event of default by the beneficiary in respect of:
Moreover, the Guarantee Fund can cover only loans and guarantees carried out for the benefit of a third country or for the purpose of financing projects in a third country.
2014-2020
Please refer to the program website for details.
Legal basis: Council Regulation (EC, Euratom) No 2728/94 of 31 October 1994 establishing a Guarantee Fund for external actions
€ 1.193, 07 bn in current prices
There is no particular deadline for this call.
Please refer to the program website for details.
Please refer to the program website for details.