11 December 2019

Both pillars of EDA’s project financing mechanism now completed


The European Defence Agency (EDA) has locked down the final component of its planned Cooperative Financial Mechanism (CFM) after the European Investment Bank (EIB) signed on to the financing scheme during ceremonies at the agency on 9 December."The CFM is a way of putting oil in the engine of co-operative initiatives that will flow from the European Defence Fund, PESCO [Permanent Structured Cooperation in defence among 25 EU countries], and other initiatives," Jorge Domecq, the agency's CEO, [...]