This evaluation of the EU budgetary guarantee underpinning the European Investment Bank’s External Lending Mandate has been undertaken in response to a request by the European Parliament and the Council. It reviews the implementation of Decision 466/2014/EU in 2014-18 and provides input for the design of the new External Action Guarantee in the context of the post-2020 Neighbourhood, Development and International Cooperation Instrument. The evaluation by Commission staff was conducted in 2019 and builds on an external study undertaken in 2018 by Ecorys and CEPS. 13 SEPTEMBER 2019Evaluation – Staff Working Document (SWD(2019) 333 final) 13 SEPTEMBER 2019Executive summary of the evaluation – Staff Working Document (SWD(2019) 334 final)Other languages (2)Deutsch(317.23 KB - PDF)Downloadfrançais(315.27 KB - PDF)Download 13 SEPTEMBER 2019Opinion of the Regulatory Scrutiny Board 1 JULY 2018External study by Ecorys and CEPS 13 SEPTEMBER 2019Terms of reference for the external study