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Eu blending funds for development cooperation
The Funds, aimed at co-financing investments in developing countries, are the result of the partnership between the European Union (Development Cooperation, DG DEVCO), Bilateral Financial Institutions (SIMEST, KFW, AFD, CDP, AECID etc.) and European Multilateral Finance Institutions (EIB, EBRD, etc.).
EU Trust Funds represent an instrument for granting and attracting additional financing for significant investments in the transportation, energy, environmental and social sectors (construction of schools, hospitals, …), besides fostering the private sector involved with particular regard to SMEs.
SIMEST is the Italian Financial Institution eligible for the management of EU Trust Funds, having successfully completed the EUROPEAID Assessment in compliance with the EU "seven pillars".
SIMEST Spa - Società italiana per le imprese all'estero. Registered office: Corso Vittorio Emanuele II, 323 - 00186 Rome. Register of Companies of Rome, tax code and VAT no. 04102891001. Share Capital € 164.646.231,88 fully paid up. Company subject to the management and coordination of SACE Spa (based in Rome, tax code and VAT no. 05804521002).