eib approves eur 5 bn for investment in new projects including microfinance lending in arab countries
Last Updated : GMT 06:23:15
Arab Today, arab today
Arab Today, arab today

EIB approves EUR 5 bn for investment in new projects, including microfinance lending in Arab countries

Arab Today, arab today

Arab Today, arab today EIB approves EUR 5 bn for investment in new projects, including microfinance lending in Arab countries

European Investment Bank
LUXEMBOURG - WAM

The Board of Directors of the European Investment Bank has approved EUR 5.12 billion of new loans for thirty-one projects across Europe and around the world, including EUR 655 million of new lending backed by the EU budget guarantee under the European Fund for Strategic Investments.

The EIB also approved lending for business investment outside Europe. This includes microfinance lending in Egypt, Jordan, Lebanon, Morocco, and Tunisia, to foster employment-generating activities and working with specialist partners in West and Central Africa and leading banks in Turkey to improve access to finance by small business. The EIB also agreed to support a project to improve agricultural storage in Malawi, recognising the crucial importance of reducing unnecessary loss of agricultural produce.

The approved loans are expected to be signed in the coming months. They include the strategic infrastructure in Italy, Poland and Finland, transport projects at the Port of Dover in the United Kingdom, Innsbruck in Austria and the capital of Madagascar, Antananarivo, and renewable energy off the Belgian coast, the EIB said in a press release .

"Less than a year since the EIB Group approved its first operation backed by the EU budget guarantee, the Investment Plan for Europe is mobilising new investment of over EUR 82 billion in 25 EU countries. This is over a quarter of the EUR 315 billion target. The fastest progress has taken place in the area of small business investment, which is crucial to create jobs, help businesses grasp new opportunities and expand, and for firms to improve competitiveness in global markets. Over the last 5 years, the European Investment Bank Group has provided nearly EUR 130 billion for small business investment. Today the EU Bank again demonstrated its commitment to ensuring that lending by local banks across Europe and beyond strengthens local companies", said Werner Hoyer, President of the European Investment Bank.

More than half of the new lending approved by the EIB board, EUR 2.7 billion, will improve access to finance by small business across Europe, including in Italy, France, Belgium, the Netherlands, Luxembourg, Slovakia, Spain, Denmark, Sweden, Norway, Poland and the United Kingdom.

Source:WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eib approves eur 5 bn for investment in new projects including microfinance lending in arab countries eib approves eur 5 bn for investment in new projects including microfinance lending in arab countries

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eib approves eur 5 bn for investment in new projects including microfinance lending in arab countries eib approves eur 5 bn for investment in new projects including microfinance lending in arab countries

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday