The social development bank for Europe

Covid-19 Outbreak Support, Italy

  • Approval date

    17 April 2020

  • Borrower

    Government

  • Country

    Italy

  • Loan size

    € 300 000 000

  • Line of action

    Inclusive growth

  • Status

    Completed

Support to the Italian Government in its efforts to slow the spread of the Covid-19 virus and to mitigate the crisis effects.

This €300 million Public sector Financing Facility will part-finance measures and extraordinary expenditures incurred by the Italian Civil Protection, such as operation and maintenance cost, the acquisition of equipment and consumables and transformation of spaces needed to face the Covid-19 emergency. The CEB loan may also include the financing of temporary and extraordinary medical staff costs. Final beneficiaries will be both Italian and foreign citizens currently present on the Italian territory, directly impacted by the Covid-19 pandemic,  in particular the most vulnerable, such as the elderly and people with previous pathologies.

CEB and Italy’s Ministry of Economy and Finance sign € 300 million loan agreement to support COVID-19 response

Press release 9 September 2020

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