The European Investment Bank (EIB), the bank of the European Union, will invest €18.4 million through EIB Global, its development arm, to support the Republic of Maldives in improving the efficiency of its national health sector and increasing its resilience to pandemics, including COVID-19. The loan received guarantees from the European Union’s EFSD+ (European Fund for Sustainable Development Plus) instrument. The EIB and the Republic of Maldives signed the loan agreement today in Brussels on the occasion of the European Development Days.
The European Investment Bank (EIB), the bank of the European Union, and Magyar Nemzeti Bank (MNB), the Central bank of Hungary, have signed an agreement to enable the EIB to support the Hungarian economy with more long-term loans. The operation creates a new source of more affordable financing for Hungarian clients in local currency, the forint (HUF), and will in turn accelerate sustainable economic growth, the post-pandemic recovery and climate action in Hungary.
The European Investment Bank Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), increased its investments in Hungary in 2021 and provided €891 million to the local economy, a record volume of investment in the past five years. The EIB increased the volume of its operations in Hungary for the fifth consecutive year with lending of €880 million.