The agreement signed on 12 December will unlock NIB financing of up to €480 million for investments in sustainable infrastructure, research, innovation and digitalisation across the Nordic and Baltic countries, as well as in Poland. This is expected to, in turn, mobilise public and private investments of around €2 billion in total. With this agreement, NIB becomes an InvestEU implementing partner. NIB will use this guarantee agreement to mobilise investments in clean energy, the modernisation and decarbonisation of industry, critical raw materials supply, sustainable transport, environmental protection, bioeconomy, digital connectivity and sustainable data infrastructure. It will also support investments in projects relating to the sustainable blue economy, space, critical infrastructure, health and the development of innovative technologies across a range of sectors. These investments will help the EU to achieve its broader strategic objectives of securing the green and digital transitions.