Published today, July 30, the Resolution of the Council of Ministers No. 57/2015 establishes a Financial Instrument for Energy within Portugal 2020, working with the European Investment Bank (EIB), designated IFE2020.

IFE2020 has a loan component and a security component and has an Investment Committee, whose operating rules are set out as internal rules of procedure. The members of the Investment Committee receive no remuneration. The Investment Committee is composed of one representative of each Management Authority of the operational programs, designating a President; a representative of the Directorate-General for Energy and Geology; a representative of the National Association of Portuguese Municipalities; an EIB representative and a representative of each financial institution that directly finance the IFE2020.