During the joint visit of the President of the European Council Charles Michele and the President of the European Investment Bank (EIB) Werner Hoyer to Georgia, the EIB, the lending arm of the European Union, and Georgian Liberty Bank signed an agreement to expand an existing credit line for Georgian micro, small and medium-sized enterprises (MSMEs) via an additional €2.5 million as part of a total package of €17.5 million. With this signature, the EIB’s total immediate response to COVID-19 in the country comprises additional lending of over €70 million, and existing loans benefiting from COVID measures exceeding €90 million.
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Amadou Hott, Senegalese Minister of the Economy, Planning and Cooperation, President of the European Investment Bank (EIB) Werner Hoyer and EIB Vice-President Ambroise Fayolle today formally agreed new financial support of CFAF 75 billion (€114.5 million) for the Republic of Senegal. This new funding is aimed at improving the drinking water supply and promoting integrated solid waste management.
EIB President Werner Hoyer and European Council President Charles Michel opened the new premises of the EU Delegation and EIB Regional office in Georgia. During his visit, President Werner Hoyer also signed a new loan extending COVID-19 response measures to the existing credit line at Liberty Bank for a total of €17.5 million.
The transition to a net-zero economy represents a massive opportunity for capital providers to finance new technologies and invest in the business models of the future. EIB President Werner Hoyer participated in an engaged exchange, discussing, among other topics, the role of various financial institutions in the multi-stakeholder effort to mobilise capital for industrial-scale transition projects. Find out more on the event