Based on Hungary’s political commitment made in March, the Hungarian EXIM Bank concluded its agreement with the Three Seas Initiative (3SI) Investment Fund on December 2, 2020, with an investment of 24.2 M USD. Hungary commends other European core sponsors, namely Poland, Romania, Estonia, Latvia, and Slovenia, for their investments in the Fund, bringing the value of total assets well over 1 BN USD. Hungary also applauds the U.S. Congress for its bipartisan support (https://kaptur.house.gov/sites/kaptur.house.gov/files/documents/BILLS-116hres672-SUS.pdf) of the initiative as well as the decision of the U.S. Administration to invest up to 1 BNUSD in the Fund.
As the initiative (https://www.3seas.eu/) enters into its operative phase with the first project grants awarded, Hungary looks forward to working with all stakeholders, including in the United States, to make the project a transatlantic success story. As another contribution, Hungary offers to host the 3SI permanent Secretariat in Budapest.