The EIB is lending EUR 20 million to Agricover Credit IFN in order to finance smaller projects implemented by SMEs in the agricultural sector. This is the first EIB transaction in Romania benefitting from the support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI), the financing component of the Investment Plan for Europe (IPE).
The EIB has signed a subscription agreement with Sustainable Sàrl, a subsidiary of SUSI Partners AG (SUSI), putting into effect the EIB’s investment commitment of up to 62 million euro in the SUSI Renewable Energy Fund II (SUSI RE II). The Investment is guaranteed under the European Fund for Strategic Investments.
Minister of the Economy and Finance Pilar del Olmo and EIB Vice-President Román Escolano today signed a EUR 130m loan at a ceremony in Valladolid. The loan will drive the implementation of measures to promote economic growth, competitiveness and jobs under three EU programmes covering the 2014-2020 period: the European Regional Development Fund Operational Programme, the European Social Fund and the Rural Development Programme. These resources will be used both to invest in strategic sectors and to finance businesses within the region in order to strengthen production through innovation and internationalisation.
The private sector can be an important driver for growth and rising prosperity in the Middle East and North Africa (MENA) if effective policies are put in place to address key challenges across the region, according to a report from three leading international development and financial institutions.
The EIB has agreed to support a new lending initiative by Bank of Kigali to back private sector investment across Rwanda. The EIB will provide EUR 28 million (RWF 24 billion) alongside EUR 28 million being provided by Bank of Kigali for the nationwide programme.
The Board of Directors of the EIB, representing the bank’s 28 EU member state shareholders, as well as the European Commission, today approved EUR 9.4 billion of new financing for 56 projects across Europe and around the world.
The EIB is lending EUR 40 million to Hungary’s Railway Company GySEV (Gyor-Sopron-Ebenfurti Vasut Zrt) to finance the purchase of new rolling stock and introduce safety improvements. This will help to provide higher quality railway services on the Austrian-Hungarian cross-border railway network along the strategic trans-European transport corridor.