Reporting is on a quarterly basis and includes characteristics, the announced size, and the take up of loan moratoria, public loans, and public guarantees. The corresponding report shows that the fiscal response designed to support the real economy has stabilised lending and that the financial system has continued to fulfil its key functions (European Systemic Risk Board 2021).
Importantly, they have been evaluated by Eurostat and classified as ‘offbalance sheet’ (meaning that they do not affect the government deficit and public debt) due to the good risk-sharing between the entities.1 An additional 12 public-private partnerships are presently in the pipeline and have already been approved.