Multilateral development banks

EUR 809 million EIB Group support for COVID-19 resilience, education, water, energy efficiency and private investment in Romania

Retrieved on: 
Thursday, March 18, 2021

Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR 809 million of new financing from the European Investment Bank and European Investment Fund agreed with Romanian public and private partners last year.

Key Points: 
  • Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR 809 million of new financing from the European Investment Bank and European Investment Fund agreed with Romanian public and private partners last year.
  • The close cooperation between the EIB Group and Romania has transformed economic opportunities, priority infrastructure and key services in our country.
  • The strong pipeline of future EIB and EIF engagement in Romania will build on this impressive track record.
  • The excellent collaboration between Romanian public and private partners and colleagues from the European Investment Bank Group, including our technical and financial experts in Bucharest, have once again delivered transformational support for economic, social and climate investment in Romania.
  • The EUR 809 million new EIB and EIF financing agreed in 2020 will benefit thousands of companies, students and households across the country in the years ahead.
  • In 2020 the EIF provided more than EUR 387 million of new financing for small businesses across Romania.
  • Accelerating investment to transform higher education in Romania Last summer the EIB launched its first streamlined higher education financing scheme in Romania.
  • Cutting heating costs in homes and schools Last year the EIB continued its track record of supporting energy efficiency in Romania and agreed EUR 42 million of new financing toward the Energy Efficiency Investment Programmes of three districts in Bucharest.
  • This new support will assist implementation of Romanias National Energy Efficiency Action Plan and the EU Resource Efficiency Initiative.

COVID-19 recovery support drives EIB Group investments in Hungary to record high levels

Retrieved on: 
Wednesday, March 17, 2021

The European Investment Bank Group (EIB Group) provided 767 million in loans and guarantees to its clients in Hungary in 2020 or 0.57% of Hungarys GDP.

Key Points: 
  • The European Investment Bank Group (EIB Group) provided 767 million in loans and guarantees to its clients in Hungary in 2020 or 0.57% of Hungarys GDP.
  • The EIB also supported the Hungarian Government with loans covering Hungarys participation in projects financed by the European Union and the modernisation of power distribution in south-east Hungary.
  • The two parts of the EIB Group, the European Investment Bank (EIB) and the European Investment Fund (EIF), invested 757.5million and 9.5million respectively, making 2020 a record year for the EIB in Hungary in the past five years.
  • With the challenges of post-COVID recovery and opportunities from EU-led initiatives such as the European Green Plan, I look forward to further extending the EIBs support for the economic and social development of Hungary.
  • EIB focuses on COVID-19 recovery, energy distribution and support for EU-financed projects EIB lending in Hungary totalled 757.5 million through six operations signed in 2020.
  • These activities brought total EIB investments in Hungary to 22.8billion (since the beginning of operations in the country), with 11.22billion invested in the last decade alone.
  • Over the past five years, the EIF has invested some 396 million in equity operations, guarantees and innovative financing in Hungary.
  • EIB Advisory Services help attract new funds to Hungary Through the activities of its advisory services, the EIB provided valuable technical assistance to faster economic and social development in Hungary.

EIB President Hoyer and Prime Minister Zaev agree to boost green investments and support the economic recovery of North Macedonia

Retrieved on: 
Tuesday, March 16, 2021

EIB President Werner Hoyer and Vice-President Lilyana Pavlova welcomed North Macedonias Prime Minister Zoran Zaev, Minister of Finance Fatmir Besimi and Foreign Affairs Advisor to the Prime Minister Edmond Ademi.

Key Points: 
  • EIB President Werner Hoyer and Vice-President Lilyana Pavlova welcomed North Macedonias Prime Minister Zoran Zaev, Minister of Finance Fatmir Besimi and Foreign Affairs Advisor to the Prime Minister Edmond Ademi.
  • The EIB presented plans to boost support from Team Europe, expand cooperation, step up its activities in North Macedonia and support the European Commissions rollout of its Economic and Investment Plan for the Western Balkans.
  • To date, the EIB has invested close to 970 million in 29 projects in North Macedonia, supporting key sectors of the economy infrastructure, energy, transport and SMEs.
  • The EIB Groups support for SMEs in form of loans and guarantees will also bolster the domestic financial sector and strengthen its ability to fuel economic growth without jeopardising its long-term stability.
  • EIB PresidentWerner Hoyersaid: Our priority is to help North Macedonia recover as quickly as possible from COVID-19, support its EU accession path and its transition to a greener, more inclusive and more sustainable economy.
  • As the EU climate bank, the EIB welcomes Prime Minister Zaevs strong commitment to supporting the rollout of the Green Agenda and I am pleasedto see an impressive pipeline of green investments for North Macedonia going forward.
  • The EU banks ambition is to do even more and support investments in the renewable energy, energy efficiency and digital sectors.
  • The pandemic has hit North Macedonia particularly hard but the country, Prime Minister Zaev and his government can count on tangible EIB technical and financial support for the recovery.
  • The Prime Minister of the Republic of North Macedonia Zoran Zaev stated: North Macedonia recently endorsed the Green Scenario for structural development of the transport, energy, environment and climate change sectors.

Portugal: Green and digital investment highlighted as key to COVID-19 recovery by Banco de Portugal and EIB

Retrieved on: 
Tuesday, March 16, 2021

As part of a series of events organised to debate on current trends in investment in different EU Member States, the European Investment Bank (EIB) and Banco de Portugal hosted a conference entitled Investment, digitalization and green financing: The Portuguese case.

Key Points: 
  • As part of a series of events organised to debate on current trends in investment in different EU Member States, the European Investment Bank (EIB) and Banco de Portugal hosted a conference entitled Investment, digitalization and green financing: The Portuguese case.
  • During the virtual event, attended by more than 400 business leaders, economists and public sector partners, Governor of Banco de Portugal, Mario Centeno, European Investment Bank Vice President, Ricardo Mourinho Flix presented the main results of the 2020 EIB Investment Survey for Portugal.
  • In the opening remarks, Mrio Centeno, Governor of the Banco de Portugal, stated: Understanding the dynamics of digital transition and climate change is very important in itself, but also to envision the economic recovery.
  • The pandemic hit activity and has accelerated structural changes that will transform our economies and our way of living.
  • We all have work to do: at the European Commission, at the European Investment Bank, but also at Banco de Portugal and the European System of Central Banks.
  • As the EU Climate Bank, the EIB Group is one of the main financiers of climate action.
  • Impact of COVID-19 on business investment in Portugal The EIB Investment Survey for Portugal reveals that the COVID-19 pandemic is expected to add pressure on private investments.
  • The EIB investment survey showed that, over the last financial year, more firms increased than reduced investment.
  • Moreover, almost half of firms (48%) invested in measures aimed to improve energy efficiency, in line with EU average.

EIB backs EUR 3.7 billion COVID-19 business support, renewable energy, internet, health, education and sustainable urban investment

Retrieved on: 
Friday, March 12, 2021

Business investment, renewable energy and upgrading hospitals, schools, internet services and urban infrastructure will be accelerated by new financing totalling EUR 3.7 billion approved today by the European Investment Bank (EIB).

Key Points: 
  • Business investment, renewable energy and upgrading hospitals, schools, internet services and urban infrastructure will be accelerated by new financing totalling EUR 3.7 billion approved today by the European Investment Bank (EIB).
  • Todays approval of EUR 3.7 billion of new EIB financing will help private and public partners to achieve a green and sustainable recovery, said Werner Hoyer, President of the European Investment Bank.
  • 381 million for transport, hospitals and schools, and sustainable urban investment

    Communities across Europe and beyond will benefit from EIB backed investment to improve transport, upgrade health and education, and unlock investment in cities.

  • New investment to improve energy efficiency, urban transport, education, sports and cultural facilities across the Polish city of Wrocaw will also benefit from new EIB financing agreed today.

Greece: EIB co-finances Crete-Attica interconnection

Retrieved on: 
Wednesday, March 10, 2021

The Independent Power Transmission Operator announces the participation of the European Investment Bank (EIB) in the financing of Crete-Attica interconnection, a project with a total budget of 1 billion euros, being implemented by IPTOs fully owned subsidiary Ariadne Interconnection.

Key Points: 
  • The Independent Power Transmission Operator announces the participation of the European Investment Bank (EIB) in the financing of Crete-Attica interconnection, a project with a total budget of 1 billion euros, being implemented by IPTOs fully owned subsidiary Ariadne Interconnection.
  • Ariadne Interconnection and EIB signed a 200-million-euro loan agreement, with the option of extending the funding by 100 million euros.
  • Crete-Attica interconnection is the largest energy infrastructure project currently under construction in Greece.
  • As to the bank lending, the project is now co-financed equally by Eurobank and EIB (with 200 million euros each).

Mobilisation sans précédent de la BEI au Maroc en 2020 pour lutter contre la pandémie de COVID-19

Retrieved on: 
Wednesday, March 10, 2021

The Bank took wide-ranging action under the Team Europe initiative to quickly provide urgent support to the Kingdom of Morocco to combat the COVID-19 pandemic.

Key Points: 
  • The Bank took wide-ranging action under the Team Europe initiative to quickly provide urgent support to the Kingdom of Morocco to combat the COVID-19 pandemic.
  • It provided immediate funding and exceptionally accelerated disbursements for previously signed loans to help small and medium-sized enterprises (SMEs).
  • The Bank's total disbursements in 2020 reached 516million, three times more than in 2018.
  • The record EIB activity in Morocco in 2020 made it possible to finance key projects for the economy during an unprecedented crisis.

Brazil: The EIB and Banco do Nordeste do Brasil boost support for COVID-19 impacted companies

Retrieved on: 
Tuesday, March 9, 2021

The European Investment Bank (EIB) has signed a EUR 200 million loan with Banco do Nordeste do Brasil (BNB), to support companies affected by COVID-19.

Key Points: 
  • The European Investment Bank (EIB) has signed a EUR 200 million loan with Banco do Nordeste do Brasil (BNB), to support companies affected by COVID-19.
  • BNB will finance private micro-enterprises affected by the COVID-19 breakout, providing short-term loans below EUR 1,000 via its Crediamigo Programme.
  • Crediamigo offers loans to micro-entrepreneurs helping them to modernise and innovate, predominantly in urban areas, with a particular focus on finance for female-led businesses.
  • The EIB loan will help be instrumental in supporting gender equality and female entrepreneurship, whilst qualifying for the2X Challenge.
  • It is part of the EIB contribution to the Team Europe response to theCOVID-19 crisis.
  • The EIB provides economic support for projects in Latin America by facilitating long-term investment with favourable conditions and by providing the technical support needed to ensure that these projects deliver positive social, economic and environmental results.
  • Since the EIB began operating in Latin America in 1993, it has provided total financing of EUR10.4bn to support 139 projects in 14 countries in the region.

Dominican Republic: The EIB and ADOPEM increase microfinance support for COVID-19 impacted companies

Retrieved on: 
Saturday, March 6, 2021

The European Investment Bank (EIB) and Banco de Ahorro y Crdito ADOPEM have signed a loan in Dominican pesos worth EUR 7 million (approx.

Key Points: 
  • The European Investment Bank (EIB) and Banco de Ahorro y Crdito ADOPEM have signed a loan in Dominican pesos worth EUR 7 million (approx.
  • The EIB loan to ADOPEM will support 27,000 loans, of which 18,000 will be provided to women borrowers.
  • EIB Vice-President, RicardoMourinho Flix, responsible for Latin America said: Boosting support for small businesses helps to stimulate private sector development, productivity and job creation.
  • EIB support for microfinance in the Dominican Republic

    The EIB has been active in the Dominican Republic microfinance sector since 1992 and is

    now recognised as a leading institution among all International Financial lnstitutions supporting the sector.

Ukraine: EIB and Ukreximbank enhance access to local currency funding for SMEs thanks to EU support

Retrieved on: 
Friday, March 5, 2021

The operation is part of Team Europes overall response to the COVID-19 crisis, which aims to support the sustainable social and economic recovery of the region.

Key Points: 
  • The operation is part of Team Europes overall response to the COVID-19 crisis, which aims to support the sustainable social and economic recovery of the region.
  • This assistance comes at a time when SMEs need strong support to overcome the challenges created by the COVID-19 pandemic.
  • Ukraine has been the main recipient country of EIB support in the Eastern Neighbourhood, accounting for more than 60% of EIB lending activity in this region.
  • Notably, the EIB was the first IFI to make long-term funding in local currency available to a local bank in support of Ukrainian SMEs.