Fifth steering committee of the Western Balkans Investment Facility meets today
- Dec 7, 2011
The fifht steering committee of the Western Balkans Investment Facility (WBIF) is taking place at the EIB today under the chairmanship of Norway and the European Commission. The WBIF facilitates the preparation and the financing of priority projects in view of the EU pre-accession process.
Launched in 2010, the WBIF is developed jointly with the European Commission, the European Bank for Reconstruction and Development (EBRD) and the Council of Europe development bank (CEB) as well as EU Member States. It blends available grants and loans and has granted directly EUR 39m for 39 projects, which will receive loans of EUR 2.6bn, mobilizing investment of some EUR 5.2bn. Part of this cost will be covered by grants of EUR 72m.
For more information, please visit www.wbif.eu