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Involvement of Eximbanka in Bilateral and Multilateral Initiatives

Involvement of Eximbanka in Bilateral and Multilateral Initiatives

I. Since its establishment, Eximbanka has signed nearly 100 memoranda of understanding and cooperation. These agreements strengthen strategic partnerships and support effective collaboration across various sectors.

II. Following a mandate from the Ministry of Finance of the Slovak Republic, Eximbanka has been assisting Slovak exporters since 2019 by identifying new business opportunities in developing regions and helping them participate in tenders from international financial institutions under the Private Sector Liaison Officer (PSLO) initiative. The main role of the PSLO is to build and develop connections between the private sector and international financial institutions, offer guidance on how companies can better engage in development cooperation, and share expertise and know-how. Eximbanka has joined the official group of more than 160 PSLOs worldwide, operating under the World Bank. The PSLO network has been active for over 20 years, bringing together organizations from 98 countries.

III. Eximbanka also represents the interests of the Slovak Republic at meetings of the European Commission’s expert group for the coordination of Export Credit Agencies (ECAs) and Development Finance Institutions (DFIs), known as the Commission Expert Group on Enhanced Coordination. This official expert group includes representatives from the European Commission, ECAs, DFIs, and multilateral financial institutions. The foundation for deepening cooperation lies in the mutual understanding of the products and support options available among its members. The main goal of the expert group meetings is to enhance cooperation between ECAs and DFIs and to adopt a coordinated approach to joint projects, especially within the context of strategic EU initiatives like Global Gateway. Global Gateway serves as a tool to support the competitiveness of European industry and the development of partnerships with developing countries. This initiative has a global reach and focuses on targeted support for projects, particularly in infrastructure, digitalization, healthcare, water resources, education, and sustainable energy in third countries that are strategically important to the EU. It will utilize funds from the European Fund for Sustainable Development (EFSD+) guarantee instrument, amounting to 80 billion EUR, mobilizing up to 300 billion EUR in strategic investment by 2027. Thanks to the Pillar Assessment authorization, Eximbanka is eligible to participate in the implementation of funds allocated under EU development funds (more information: Global Gateway).

IV. Eximbanka is a member of the European Industrial Alliance on Small Modular Reactors, which brings together 277 entities from industry, regulators, government institutions, financing banks, non-governmental organizations, the European Commission, and others. The Alliance aims to facilitate and accelerate the development, testing, and deployment of small modular reactor (SMR) technology within the EU by 2030. Eximbanka will participate in the technical working group (TWG) on financing, which aims to identify potential tools, mechanisms, and sources of funding for SMR development and deployment. The working group will then propose a viable and sustainable financing model involving banks and financial institutions, private and government investors, institutional partners, and EU funds and programs. The goals of the SMR Alliance are closely linked to the EU’s climate objectives (Green Deal) to achieve climate neutrality, including the use of nuclear energy.

V. Eximbanka is also a member of the National Contact Point for the OECD Guidelines for Multinational Enterprises. The Ministry of Economy of the Slovak Republic serves as the secretariat, with Eximbanka contributing to the development of a system of mutual relations and addressing specific cases related to the non-compliance with guidelines on corporate social responsibility. This effort aims to foster a more comprehensive development of the business environment in Slovakia. The OECD Guidelines for Multinational Enterprises, as a multilateral code, help strengthen mutual trust between multinational companies and the countries in which they operate.

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