EIB, EDFI members, AfD and KfW sign 2° framework cooperation agreement.Framework Cooperation Agreement • August 20th, 2021
Contract Type FiledAugust 20th, 2021Today, the European Investment Bank (EIB) and the bilateral development finance institutions of the EU Member States, which are united in the association EDFI, EUROPEAN DEVELOPMENT FINANCE INSTITUTIONS”, together with AFD of France and KfW of Germany, signed a framework agreement for financial cooperation and exchange of services. The agreement details ways in which financial and non-financial cooperation can take place between the EIB, the fourteen EDFI members, AFD and KfW. The cooperation can take the form of mutual provision of financial support and exchange of services, expertise and network facilities. It comes in addition to an earlier Framework agreement on staff exchanges and secondment. The two Framework agreements aim at achieving a more efficient use of financial and non-financial resources in the countries and sectors where the signatories are active.