This collaboration, the first of its kind for BID, aims to facilitate easier access to financing for a range of public bodies, including local administrative units, public utility companies, and state-owned enterprises. 

The partnership is expected to bolster projects in strategic sectors vital for community development, such as modernizing water and sewage networks, boosting energy efficiency, and digitizing public services.

Bogdan Neacșu, General Director of CEC Bank, said: "This partnership brings something extra – the guarantee from the BID, which reduces risks and facilitates faster access to sustainable financing."

This initiative marks the beginning of a stable institutional framework for guaranteeing public projects, aligning with Romania's commitments to sound financial governance and efficient use of public funds. 

Dan Sandu, President of BID, stated: "Today, we mark the transition from strategy and planning to concrete action and, at the same time, take an important step towards fulfilling one of the key objectives for which BID was created: to be a tangible partner in local development."

The BID guarantee program will provide a total of RON 2.1 billion (€422.38 million) in guarantees over the next three years, exclusively for public beneficiaries. 

The maximum guarantee percentage is up to 80% per project, with a maximum guarantee period of 15 years.  

The minimum guaranteed value is RON 5 million (€1 million), and the maximum is RON 150 million (€30.18 million).