# Regulation (EU) 2017/1601 of the European Parliament and of the Council of 26 September 2017 establishing the European Fund for Sustainable Development (EFSD), the EFSD Guarantee and the EFSD Guarantee Fund, Article 7: The EFSD Guarantee

Extent: E+W+S+N.I.

1. The Union shall, after careful consideration of the viability of a project, provide an irrevocable and unconditional guarantee on first demand to the eligible counterpart for the financing and investment operations covered by this Regulation.
2. The EFSD Guarantee shall support financing and investment operations in partner countries in Africa and the European Neighbourhood.
3. The EFSD Guarantee shall be granted as a guarantee on first demand in respect of the instruments referred to in Article 10 and in compliance with the eligibility criteria set out in Article 9.

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Source: https://www.legislation.gov.uk/eur/2017/1601/article/7 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-1601/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.