Partners of financial intermediaries in facilitating access to financing Individual guarantees for the public sector
Individual guarantees for the public sectorThe Development and Investment Bank collaborates with commercial banks to ensure easy access for Administrative-Territorial Units, utility companies subordinate to them or owned by other public bodies, and public-interest institutions/companies, to appropriate financing solutions.
Purpose of the guarantee – Support for sustainable development
The BID guarantee facilitates the financing of investment projects aimed at the development of local and regional communities, covering a wide range of strategic areas:
Sustainability and environmental protection
Public utilities
Education
Health
Green spaces
Civil protection
Culture and sports
Research, development and innovation
Infrastructure
Through these guarantee instruments, BID supports strategic investments essential for economic growth and sustainable development of communities.
- Express – BID assumes the obligation exclusively towards the financing bank, without extending liability to the beneficiary or other guarantors.
- Unconditional – The guarantee instrument does not contain clauses that exempt BID from paying the guarantee in the event of non-repayment by the beneficiary.
- Irrevocable – Once issued, the guarantee cannot be unilaterally cancelled by BID and cannot be modified in order to increase its effective cost, except in situations related to the non-payment of the guarantee fee.
- Payable on first demand – The financing bank may request payment of the guarantee through a written request, in accordance with the terms and conditions.
- Express – BID assumes the obligation exclusively towards the financing bank, without extending liability to the beneficiary or other guarantors.
- Unconditional – The guarantee instrument does not contain clauses that exempt BID from paying the guarantee in the event of non-repayment by the beneficiary.
- Irrevocable – Once issued, the guarantee cannot be unilaterally cancelled by BID and cannot be modified in order to increase its effective cost, except in situations related to the non-payment of the guarantee fee.
- Payable on first demand – The financing bank may request payment of the guarantee through a written request, in accordance with the terms and conditions.