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Add to Preferred SourcesThe European Investment Bank will work with leading Greek banks to provide EUR 500 million worth of loans for new business investment, including dedicated financing for companies across the country that actively support youth employment and the empowerment of women in the workplace.
The new financing initiative represents the first dedicated support by the European Investment Bank in Greece for companies that support female entrepreneurship and female corporate leadership and will contribute to greater professional empowerment of women.
The new programme will also encourage greater youth employment using the EIB’s “Skills and Jobs – investing for youth” model and builds on the success of past schemes that have enabled jobs for hundreds of young people.
“When more women work, economies grow. The European Investment Bank Group is committed to supporting private sector investment in Greece and, for the first time, this new EUR 500 million business financing programme, developed and implemented with leading Greek banks, targets support for companies that provide new opportunities for women. The new scheme also directly tackles youth unemployment and builds on the success of past support to create jobs and improve skills for young people.” said Andrew McDowell, European Investment Bank Vice President responsible for Greece.
Following the European Investment Bank’s Strategy for Gender Equality and Women’s Economic Empowerment, EUR 100 million of the new financing programme will support loans for companies that empower women in the workplace.
The European Investment Bank is committed to fighting youth unemployment and EUR 400 million of the new credit lines support investment in companies that support youth employment by creating new jobs.
Original source: EIB
Published on 23 July 2019