EIB pledge for the Western Balkans: Investments in competitiveness, innovation and climate are top priorities

The European Investment Bank remains committed to the economic and social development of the Western Balkans and plans to grow its investment portfolio in the region, prioritizing competitiveness, innovation and climate projects announced the President of the European Investment Bank (EIB) Werner Hoyer at the Poznań Summit for the Western Balkans.

The EU Bank will continue to support projects allowing increased competitiveness of the Western Balkan economies, which improve transport connectivity links, but also better access to finance for entrepreneurs. Investment in climate action will mean the EIB as Europe`s Climate Bank, will sustain the region’s energy transition to modernize infrastructure, reduce emissions, and diversify the energy mix to increase the security of supply.

President Hoyer said addressing the Summit in the Polish city of Poznań, “The EIB Group accompanied Poland’s success story by investing €64.2 billion for the benefit of its citizens since 1990. The EU bank stands ready to replicate such success in the Western Balkans. Our activities are designed to support the implementation of the EU’s enlargement policy and we stand ready to do more in the region with a wide range of different finance and advisory products”.

Original source: EIB
Published on 08 July 2019