The European Investment Bank Vice-President, Mr. Thomas Östros, and the Deputy Ambassador of the European Union to Tanzania, Mr. Emilio Rossetti, have today signed a statement of intent to blend a grant of 15 million EUR (43 billion TZS) from the European Union with 350 million EUR (1 trillion TZS) loans from the European Investment Bank to provide credit to Tanzanian banks. This financing will go towards supporting Small and Medium-Sized enterprises (SMEs) in Tanzania, under the EU Global Gateway strategy.