Circular Economy

The EU ministers responsible for spatial planning and territorial development and/or territorial cohesion agreed today on the Territorial Agenda 2030, an action-oriented policy framework to promote territorial cohesion and ensure a sustainable future for all places and people in Europe. The EIB has actively participated in its preparation and stands ready to contribute to its successful implementation through its lending, grant-loan blending and advisory services.

After its first year of operation, the Joint Initiative on Circular Economy provided €2.7 billion of long-term financing for projects that will help accelerate the transition towards a circular economy. This initiative launched by the six largest public financial institutions in the EU aims to finance at least €10 billion of investments to support the circular economy over five years (2019-2023).

In response to the coronavirus pandemic, the EIB quickly deployed a support plan to support the European economy and help meet the most urgent financing needs of regions and municipalities. Recognizing the key role of cities and regions in mitigating the pandemic’s effects, the EIB approved exceptional measures to enable a faster approval and disbursement of new loans and allow more flexibility for the use and increase of ongoing loans.