EGAP EU EXPORT FINANCE COUNTER-GUARANTEE (EIB-20250519)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Export Guarantee and Insurance Corporation (EGAP)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Energy
  • Finance
  • Industry and Trade
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 593.70 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 500
Converted using 2026-01-26 exchange rate.
Project Cost (USD)
$ 1,187.39 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 1000 million
Converted using 2026-01-26 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Apr 8, 2026

Disclosed by Bank Jan 26, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EIB, the project involves an export finance pilot operation that provides a counter-guarantee envelope to the Czech Export Credit Agency, Export Guarantee and Insurance Corporation (EGAP) to support a portfolio of buyer's credit transactions with sovereign and sub-sovereign obligors under NDICI (Neighbourhood, Development and International Cooperation Instrument) / EFSD + (European Fund for Sustainable Development Plus) mandate.

In line with its recently approved strategic reorientation, EIB Global seeks to enhance the EU export finance architecture by providing de-risking and liquidity solutions to EU Export Credit Agencies (ECAs) under its Pan European Trade and Investment Initiative. Supported by the European Commission (EC), EIB Global will use its existing mandates to pilot several export credit operations to design scalable financial instruments addressing both existing market failures and facilitating a cohesive and competitive EU export finance architecture in support of Global Gateway projects. The proposed EUR 500m guarantee envelope is EIB Global's first trade finance pilot operation counter-guaranteeing the Czech ECA's (EGAP) portfolio of (sub-)sovereign buyer's credit transactions under the NDICI/EFSD+ mandate. The first allocation will support the export of European manufactured rolling stock products while advancing sustainable mobility and promoting EU standards abroad under a Global Gateway aligned flagship project in the Central Asian Trans-Caspian Transport Corridor. This pilot product is being explored with other EU ECAs and is expected be rolled-out on a pan-European basis.

The operation will strengthen EU manufacturing sectors and their supply chains by improving financing conditions for (sub-)sovereign investments tied to export contracts with European suppliers, in line with the EU Competitiveness Compass and the EIB's broadened objectives for industrial competitiveness under the Digital and Human Capital (IDHC) Public Policy Goal. It directly supports EU value added, enhances exporters' competitiveness, and reinforces Europe's industrial base through sustainable innovation and resilient supply chains while unlocking critical infrastructure projects in partner countries, contributing to SDGs 7, 8, 9, 11 and 13.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No project contacts provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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