The EIB Group (EIB and EIF) has concluded an agreement with the Government of Romania and the European Commission for the implementation of the SME Initiative in Romania, which will support Small and Medium enterprises (SMEs). It is expected that circa EUR 580 million of new SME financing will be provided under this Initiative.
The Grand Duchy of Luxembourg and the EIB launch the Luxembourg-EIB Climate Finance Platform, aiming to mobilise investments for projects with a strong impact in the fight against climate change. The platform will contribute to the implementation of the Paris Agreement and is a tangible step towards compliance with both Luxembourg’s international commitments and the EIB’s Climate Strategy. It is the first time a Member State enters into such a partnership for innovative climate finance with the EIB and it establishes further Luxembourg as a green financial centre.
The EIB today signed two loans to facilitate financing for SMEs and support for microcredits in Spain. The funds totalling EUR 330m aim to promote economic growth, innovation and job creation, supporting small business people, self-employed young people and start-ups.
The EIB today welcomed the New Urban Agenda and confirmed expected support for sustainable urban development totalling more than USD 105 billion over the next five years through new investment in sustainable transport, clean energy, water and smart cities. This follows agreement from the 28 European Union shareholders of the European Investment Bank to enhance the impact of urban lending and calls from European Ministers for the EIB to help implement the EU Urban Agenda.
This morning, the EIB confirmed the signing of several loans totalling EUR 600m to finance the renewal of road transport fleets and agricultural vehicles in the presence of the Minister of Public Works and Transport, Rafael Catalá Polo, and the Minister of Agriculture, Food and the Environment, Isabel García Tejerina.
In support of the ‘New Urban Agenda’ adopted this week during the UN-sponsored global Habitat III conference, eight Multilateral Development Banks (MDBs) are putting the Agenda’s words into action by issuing a “Joint Statement” expressing their commitment to promote equitable, sustainable, and productive urbanization and urban communities.
The EIB signed today a EUR 40 million finance contract to improve drinking water supplies to the greater Nicosia region, along with an additional EUR 15 million of financing for anti-flooding infrastructure investments in Larnaca, reaffirming the EU bank’s commitment to Cyprus.
The Minister for Education and Skills, Mr. Richard Bruton TD, and the Vice-President of the EIB, Mr. Andrew Mc Dowell, today signed a long term loan agreement which will allow the Department of Education to draw down EUR 200m in European Investment Bank funding.