Council of the European Union and European Parliament 25 October 2011, Decision No 1080/2011/EU of the European Parliament and of the Council of 25 October 2011 granting an EU guarantee to the European Investment Bank against losses under loans and loan guarantees for projects outside the Union and repealing Decision No 633/2009/EC

Also known as

Decision No 1080/2011/EU establishes a framework for an EU budgetary guarantee of up to EUR 29 484 000 000 to the European Investment Bank (EIB) against losses from loans and loan guarantees for investment projects in eligible third countries during the 2007-2013 period. The mandate prioritizes local private sector development, social and economic infrastructure, and climate change mitigation and adaptation, while requiring EIB operations to align with Union external action principles and development goals. Key provisions include the introduction of a specific Climate Change Mandate, enhanced reporting requirements to the European Parliament and Council, and mandatory due diligence regarding environmental, social, and human rights impacts.AI