Spain: EIB provides €50 million to Navarre to strengthen its health response to COVID-19

The European Investment Bank (EIB) is providing 50million to the Autonomous Community of Navarre to strengthen its capacity to respond to the COVID-19 health crisis.

Metadata
Provider: 
ECEC
URL: 
https://www.eib.org/press/all/2020-271-covid-19-eib-provides-eur50-million-to-navarre-to-strengthen-its-health-response-to-covid-19https://www.eib.org/press/all/2020-271-covid-19-eib-provides-eur50-million-to-navarre-to-strengthen-its-health-response-to-covid-19
Retrieved on: 
Tuesday, October 13, 2020
Information
Tags: 
European Union, Multilateral development banks, Financial services, Banking, European Investment Bank, EIB, Navarre
Summary
Key Points: 
  • The European Investment Bank (EIB) is providing 50million to the Autonomous Community of Navarre to strengthen its capacity to respond to the COVID-19 health crisis.
  • The EU bank financing will enable the Spanish region to adapt its healthcare infrastructure to meet the additional costs generated by the pandemic.
  • The EIB is granting these funds under a specific programme it approved to support healthcare investments in Spain and Portugal.
  • The aim of this 750million programme is to help bolster healthcare infrastructure and support health sector research and development (R&D) investment in both countries.
  • Under this agreement, the Autonomous Community of Navarre will have access to the medium and long-term resources it needs to deal with the pandemic.
  • The EIB funds (provided on favourable terms) will enable it to finance the extraordinary operating expenses caused by the crisis.
  • We are pleased to be taking a further step in this direction by supporting the Autonomous Community of Navarre's health efforts in this crisis.
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