Supporting the effort to strengthen the economic developments and better diversify the economies of the Eastern Partnership countries that have decided to deepen their association and integration with the European Union, the European Investment Bank and the European Commission signed on 19 December 2016 the Delegation Agreement for the DCFTA (Deep and Comprehensive Free Trade Area between the EU and Ukraine, Georgia and Moldova). The Delegation Agreement foresees the provision of EUR 2.8 million for risk capital operations, EUR 7.8 million for technical assistance and EUR 49.7 million for guarantees through the EIB and the European Investment Fund. The implementation of the agreement will start immediately and run until December 2021.
Multilateral Development Banks Welcome G20 Roadmap for MDB Reform
The Heads of 10 multilateral development banks (MDBs) welcomed today the endorsement [link to G20 Rio Declaration] by G20 Leaders of the G20 Roadmap towards Better, Bigger, and More Effective MDBs. The Roadmap outlines a comprehensive vision for continuing to reform MDBs to better address regional and global challenges, create more jobs and opportunities, and support countries to accelerate progress toward the Sustainable Development Goals (SDGs) and the goals of the Paris Agreement.