The European Investment Bank (EIB) has earmarked €8.6 billion ($8.62 billion) of new financing to accelerate innovation, water, energy, education, health and housing investment globally.
The bank has also adopted a revised lending policy to strengthen support for sustainable transport. The policy seeks to enhance the impact of greener future financing for urban, national and international land, sea and air transport, and support for transport-related research and development.
EIB also agreed to repurpose €59 million ($ million) of grants to provide emergency support for Ukraine and discussed plans to address rising food costs, energy prices and trade disruption outside Europe.
“Projects the EIB backed today will secure access to finance, water and clean energy for millions of people, including in communities most impacted by a changing climate,” said Werner Hoyer, president of EIB. “The EIB agreed to further strengthen the impact of transport investmen