Signing of a contract between the Recovery Fund and the EBRD for Greece 2.0

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The contract of this Bank and the Recovery Fund for the National Recovery and Sustainability Plan “Greece 2.0” was signed today, Monday, November 29, in the morning, at the offices of the European Bank for Reconstruction and Development (EBRD), in Athens.

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The agreement concerns the part of the loans, which includes the Program, in which nine banking institutions have registered to date. These include, in addition to the EBRD, the European Investment Bank (EIB), four systemic banks in the country, as well as three non-systemic ones.

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The contract signed concerns the utilization of an amount, which can reach 500 million euros from the Recovery Fund and at the same time implies a corresponding amount of funding from the EBRD and equity of private investors.

The relevant agreement was signed by the Director and Regional Head of Greece & Cyprus of the EBRD, Mrs. Andreea Moraru and the Deputy Minister of Finance, responsible for the Recovery Fund and fiscal policy, Mr. Thodoros Skylakakis, in the presence of the Governor of the Fund, Mr. Nikos Mantzoufas .

The Deputy Minister of Finance, Mr. Thodoros Skylakakis, stated in this regard: “With the contract we signed today, we aim to mobilize private investments over 1 billion euros.”

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Source From: Capital

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