EU Eastern neighbours
The Bank’s activities in the region aim at supporting the goals set up by the EU’s European Neighbourhood Policy. This is done by financing projects that promote prosperity and increased regional integration, which contributes to the stability of these regions and helps forging stronger intraregional partnerships.
The Bank's activities in the region promote growth and employment, intraregional trade, and help to protect our common environment and to mitigate climate change by supporting low carbon and climate resilient growth. Following the mid-term review of the External Lending Mandate (which governs the EIB activity outside the EU), the EUR 4.8 billion mandate for 2014-2020 has been increased to EUR 6.65 billion. It covers Armenia, Azerbaijan, Belarus, Georgia, Moldova, Russia and Ukraine.
By the end of 2017, EIB lending in the Eastern Partnership had reached over EUR 8 billion, financing more than 90 investment projects and providing credit lines to support SMEs in the region.
How do we help?
- local private sector development, in particular support to SMEs,
- development of social and economic infrastructure, and
- climate change mitigation and adaptation.
In 2014 the EIB also set up a Neighbourhood Finance Facility (NFF), a EUR 3bn facility under which financing will be extended at the EIB's own risk (i.e. without EU guarantee) in the Eastern Neighbourhood region, including Russia, and the Southern Neighbourhood (FEMIP) region.
The facility enables the Bank to support EU Foreign Direct Investments (FDI) as well as infrastructure projects such as transport, telecommunications and energy in the region.
In focus: 10 years of operations in Georgia
Since 2007, Georgia and the EIB have a long and fruitful cooperation, underlined by a clear vision of developing the country towards closer integration with the European Union.
After a catastrophic flood ravaged the country in 2015, the EIB quickly stepped in to help Georgia rebuild in the aftermath and set up infrastructure for improved trade.
On the occasion of a decade of operations in Georgia, the EIB reaffirms its support with a new loan aiming to upgrade the country’s priority road infrastructure.
Since the first EIB loan signed in 2003, the EIB has invested EUR 9.9 million in the region.
Lviv’s roads saw 5958 accidents, 47 fatalities and about a thousand injuries last year. These figures are even higher in the rest of the Ukraine. The European Investment Bank’s Eastern road safety projects will make roads safer for 3.3 million users.