Greece and EBRD on Monday signed a memorandum of understanding (MoU) on the management by the European Bank of Reconstruction and Development of loans worth 1.0 billion euros to finance private investments in Greece as part of the Recovery Fund, ANA reports.
The MoU was signed by Alternate Finance Minister Theodore Skylakakis and Charlotte Ruhe, managing director for Central and Southeastern Europe. It is the second similar agreement signed between the Finance ministry after the one with European Investment Bank (EIB) for the management of loans worth 5 billion euros. Today’s agreement signals the rapid start of a loan program to create significant private investments in Greece, the Finance Ministry said in an announcement.
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