The European Commission, the European Investment Bank (EIB) and the World Bank today signed a joint Memorandum of Understanding aimed at enhancing donor coordination in the Middle East and North Africa / Southern Mediterranean region. The agreement signed in Brussels by senior officials from the three institutions will lead to a more focused and complementary approach at all levels from programme implementation to aid programming and overall policies.
EIB Global invests over €50 million in sustainable development of northern Albania
The European Investment Bank Group’s development arm, EIB Global, is providing Albania with €50 million in financing to strengthen basic infrastructure and services in three northern municipalities: Shkodër, Lezhë and Malësi e Madhe. The project will boost the sustainable regional development of northern Albania, environmental protection, connectivity, tourism and attract new investments. The EIB Global loan also supports a project to establish the first direct tourism-based link between the Albanian Alps and the Adriatic coast.