The European Investment Bank (EIB) has approved €12.6 billion ($14.8 billion) of new financing for projects across Europe and around the world.
The financing includes more than €3.1 billion ($3.6 billion) of COVID-19-related investment to improve public health, strengthen public services and back investment by companies in sectors hit by the pandemic.
Since the start of the COVID-19 crisis, the EIB has approved €20.1 billion ($23.7 billion) to enable public and private partners around the world to better tackle health, social and economic challenges. The EIB board also backed investment in agriculture, water, housing, telecommunications and urban development across Europe, as well as in Africa, Asia and Latin America.
“Fighting climate change and tackling the COVID-19 pandemic must go hand in hand to achieve a green recovery,” said Werner Hoyer, president of the EIB. “The €12.6 billion [$14.8 billion] of new EIB financing approved today show how we