The European Investment Bank (EIB) approved € 12.6 billion of new financing for projects across Europe and around the world.
New financing agreed includes more than € 3.1 billion of COVID-19-related investment to improve public health, strengthen public services, and back investment by companies in sectors hit by the pandemic.
Since the start of the COVID-19 crisis, the EIB has approved € 20.1 billion to enable public and private partners around the world to better tackle health, social and economic challenges.
The EIB Board, meeting by video conference, also backed investment in agriculture, water, housing, telecommunications, and urban development across Europe, as well as in Africa, Asia, and Latin America.
“Fighting climate change and tackling the COVID-19 pandemic must go hand in hand to achieve a green recovery. The EU Bank is working around the world to help mitigate the impact of the pandemic on lives, jobs and businesses; and to ensure that investment focuses on sustainability, innovation, and on reducing the devastating impact of climate change. The 12.6 billion Euros of new EIB financing approved today show how we are working with thousands of local partners to make a long-term difference to people’s lives during these challenging times”, said Werner Hoyer, President of the European Investment Bank.
EIB financing projects:
- Largest ever EIB loan to transform travel in southern Italy
- € 3 billion for renewable energy and energy transition
- € 2.9 billion to improve urban and national sustainable transport
- Improving urban development and social housing
Original source: EIB
